Live Trading News » Financials

Asia’s Leading Management Consultants

Shayne Heffernan — Fri, 15 Mar 2013 06:38:46 +0000

Asia’s Leading Management Consultants The Heffernan Group of Companies use a top down approach developed by Dr. Heffernan Ph.D. to develop value protected, growth driven portfolios with in the guidelines of the clients risk tolerance and regulatory requirements. We provide managerial services, strategy, timing and research and advisory services to corporations and institutions globally. Our [...]

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Become a Professional Day Trader

Shayne Heffernan — Wed, 13 Mar 2013 12:33:00 +0000

Firstly, start using the tools of professionals, we offer a free 30 Day trial download Thomson Reuters latest product that will start you on the way, Thomson Reuters Latest Charting and News Technology, Runs on Your Desktop and your iPad The first information that new traders should learn are the basics of trading. A good [...]

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Asian Real Estate as an Inflation Hedge

Shayne Heffernan — Fri, 28 Dec 2012 17:00:58 +0000

Asian Real Estate as an Inflation Hedge According to the 2012 Q3 Asia-Pacific Capital Market Observation, the total value of the Q3 Asia-Pacific real estate investment reached $19 billion, with an average increase of 21% over the past three years, considering that fast 3 years captures the tail end of the Global Financial Crisis, those [...]

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Jamie Dimon Live at the JP Morgan Chase (NYSE:JPM) Investor Day

Shayne Heffernan — Wed, 12 Dec 2012 13:39:45 +0000

New York, December 12, 2012 – On Tuesday, February 26, 2013, JPMorgan Chase & Co. will hold an Investor Day in New York City with presentations given by Jamie Dimon, Chairman and Chief Executive Officer, and members of executive management. The presentations will include a question and answer session. The live audio webcast and presentation [...]

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Big Changes at Live Trading News, Become a Contributor, Join the Discussion

Shayne Heffernan — Wed, 05 Dec 2012 19:41:53 +0000

Live Trading News will see some big changes in the coming weeks to incorporate more news and more interactivity. There will be many new contributors bringing Traders actionable news from all over the world as well as expert opinion on sectors, equities, FX, commodities and more. The new site will have a great deal more [...]

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Expat Guide: How to get ahead with Thailand’s Banking

Shayne Heffernan — Fri, 30 Nov 2012 11:51:01 +0000

Opening a bank account in Thailand can be fairly straightforward although some banks may insist on you having a valid work permit. If you need a foreign currency account you might need to have a letter of recommendation which has been issued by your embassy. The requirements are different with each bank. There are a [...]

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Dark Pools Rising, Citi Cross, BPool, Liquidnet

Shayne Heffernan — Sat, 24 Nov 2012 06:15:03 +0000

Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com takes a look at Dark Pool Trading. The trading volume created by institutional orders that are unavailable to the public. The bulk of dark pool liquidity is represented by block trades facilitated away from the central exchanges. With the volume of dark liquidity growing by nearly [...]

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Live Trading News the strategic partner in Asia

Shayne Heffernan — Wed, 21 Nov 2012 21:26:27 +0000

‘There is no permanent organizational chart for the world….it is of the extreme importance to be ready at all times to take advantage of new opportunities.’ Robert C. Goizueta, (Former) Chairman and CEO, Coco-Cola Company Business incorporation has become synonymous with responsible business ownership. Yet, so many misconceptions and rumors exist about the benefits [...]

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Thailand Stock Charts: Thanachart Capital PCL บริษัท ทุนธนชาต จำกัด (มหาชน)

Shayne Heffernan — Thu, 08 Nov 2012 21:22:45 +0000

Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com takes a look at Thailand Stock Charts: Thanachart Capital PCL บริษัท ทุนธนชาต จำกัด (มหาชน) Thanachart Capital has just had almost $600m cash injected in to it and is trading well below the industry averages, while the news out of America and Europe may see the stock [...]

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Shayne Heffernan Week Ahead on the Global Markets

Shayne Heffernan — Sun, 07 Oct 2012 11:48:43 +0000

Economist Shayne Heffernan takes a look at the week ahead on equity markets Main Points Market Correction Expected EuroCrisis to Worsen Selling USA, Hong Kong, Thailand and Indonesia Buying Shanghai and Singapore Exiting USD and Euro Buying Yen and SGD The AAPL Effect will Reverse Thanks to aggressive market manipulation by central banks around the [...]

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Indonesia: Life Insurance Companies a Strong Buy

Shayne Heffernan — Sun, 30 Sep 2012 06:34:10 +0000

Economist Shayne Heffernan takes a look at Indonesia’s booming life insurance business. Jasa Raharja, Prudential Life Assurance, AXA Mandiri Financial Services, Commonwealth Life. Indonesia’s life insurance industry is confident premiums will surge by 25 percent this year, as rising incomes prompt a skyrocketing in customer numbers in the second half of the year. The total [...]

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Asian Currency Preview, Baht, SGD, RMB, Peso, Ringgit

Shayne Heffernan — Sun, 09 Sep 2012 18:22:09 +0000

Economist Shayne Heffernan takes a look at the week ahead on Asian Currencies. The Thai Baht The Baht is expected to stay in the 31 – 31.5 range this week, The Bank of Thailand kept its benchmark interest rate at 3 percent. Three forecast a 25 basis point cut. Global funds bought $39 million more [...]

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ProAssurance Corporation (NYSE:PRA) Upgraded

Shayne Heffernan — Fri, 31 Aug 2012 13:41:11 +0000

ProAssurance Corporation (NYSE:PRA) has been upgraded to a buy with a 2012 price target of $110 issued today by Economist Shayne Heffernan. The Board of Directors of ProAssurance Corporation (NYSE: PRA) has declared a cash dividend $0.25 per common share, payable on October 11, 2012 to shareholders who own our stock as of September 27, [...]

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How to Hedge Your Investments for Retirement

LiveTradingNews.com wire staff — Wed, 22 Aug 2012 17:16:47 +0000

Retirement Investing: How to Hedge Your Investments Buy Value, Buy at the Right Time and Buy for the Long Term. Why should you hedge?. The answer is simple, you can secure profits long term if you limit your risk. “Global risks are rising, you cannot afford to be apathetic and remain inward-looking.” Economist Shayne Heffernan [...]

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SEC Hunts Automated Trading

Paul A Ebeling Jr — Sun, 05 Aug 2012 06:26:38 +0000

The US Securities and Exchange Commission Chairwoman Mary Schapiro Friday said her agency was reviewing what caused a software glitch at Knight Capital Group Inc., a brokerage firm, which threw the US stock market into chaos on Wednesday. Calling the incident “unacceptable,” the SEC chief said in a statement posted at the agency’s website that [...]

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AZZ (NYSE: AZZ) incorporated Reports Results for the First Quarter

LiveTradingNews.com wire staff — Sun, 01 Jul 2012 22:31:56 +0000

June 28, 2012. — AZZ incorporated (NYSE: AZZ), a manufacturer of electrical products and a provider of galvanizing services, today announced unaudited financial results for the first quarter ended May 31, 2012. Revenues for the first quarter were $127.1 million compared to $114.3 million for the same quarter last year, an increase of 11 percent. [...]

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24-Hour Concierge Service Around the World

Shayne Heffernan — Fri, 29 Jun 2012 18:09:58 +0000

Black Card members enjoy the personalized assistance of our 24-Hour Concierge Service catering to entertainment, travel, business, shopping and lifestyle needs. With a phone call or email to our world class Concierge professionals, Black Card members can tap into an effective time management tool designed to improve quality of life, allowing you to focus on [...]

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AAR Provides Preliminary Fourth Quarter Results and Outlook on Fiscal 2013

Shayne Heffernan — Sun, 17 Jun 2012 08:23:11 +0000

Consolidated sales for the fourth quarter ended May 31, 2012 are expected to be between $560 million to $565 million, which would represent the highest quarterly sales in the Company’s history. Diluted earnings per share are expected to be between $0.44 and $0.46 before the effects of special items. Cash flow from operations is expected [...]

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France to meet deficit target despite pessimistic indicators

Shayne Heffernan — Thu, 14 Jun 2012 17:43:35 +0000

“France has made commitments to its partners to reduce its deficits… We will keep these commitments,” the minister told the state-run TV channel France 2. “I think we can quite achieve these objectives without austerity,” he added. Last week, France’s central bank estimated that the country’s economy would contract by 0.1% in Q-2 of this [...]

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Prada (HK:1913) confident, net profits doubles

Shayne Heffernan — Fri, 08 Jun 2012 09:25:11 +0000

Prada soared as much as 9.8%, headed for the biggest gain since 27 October. The stock traded 7.5% higher at HK$48.85 as of 10:37 a local time, while Hong Kong’s benchmark Hang Seng Index declined 0.8%. Net income at the maker of luxury clothing and accessories rose to 121.7-M Euros (US$152-M) in the 3 months [...]

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Danish central bank cuts interest rates to record low

Shayne Heffernan — Fri, 01 Jun 2012 06:54:51 +0000

Danmarks Nationalbank also cut the current account rate by 15 basis points to Zero % and cut the rate on certificates of deposit by 15 basis points to 0.05%. The rate changes take effect Friday, the bank said in a statement, adding the action followed its purchase of foreign exchange in the market, with the [...]

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Macao’s trade deficit reaches US$676-M in April

Shayne Heffernan — Fri, 01 Jun 2012 06:51:45 +0000

Total merchandise export for April amounted to 643-M Patacas, with value of domestic exports decreasing by 7.1% to 194-M Patacas, the figures showed. Meanwhile, total value of merchandise export in the first four months of Y 2012 increased by 19.6% Y-Y to 2.62-B Patacas, of which value of domestic exports and re-exports rose by 2.8 [...]

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Credit Card News: More Miles, Bigger Cash Bonuses for Customers

Shayne Heffernan — Sat, 31 Mar 2012 09:56:36 +0000

Credit Card News: More Miles, Bigger Cash Bonuses for New Customers The main difference with reward cards is that you are literally rewarded each time you spend money with it. The standard process is that you gain a certain amount of points for every dollar spent. It normally makes no difference whatsoever what you spend [...]

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ASEAN News: Knightsbridge Law Extends Operations to Myanmar

Shayne Heffernan — Wed, 21 Mar 2012 15:19:44 +0000

Knightsbridge Law Extends Operations to Myanmar Changes in Myanmar have seen the very beginning of an Economic Boom as investment, taxation and commercial laws have been changing. Resource rich Myanmar is set to see unprecedented economic growth and the need for quality Legal, Lobby and Financial services has brought Knightsbridge Law to the country as [...]

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Morgan Stanley (NYSE:MS) Trade Alert

Shayne Heffernan — Mon, 19 Mar 2012 08:18:12 +0000

Morgan Stanley (NYSE:MS) Last Friday a new 90-day call record for traded contracts was established in Morgan Stanley, with 3.4 Calls traded for each Put contract yielding a 0.29 Put/Call ratio. (Low) Options are often used as predictors of stock behavior. Investors can use Put/Call ratios as technical indicators to read for signs of institutional [...]

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Geithner on Greece

Shayne Heffernan — Mon, 20 Feb 2012 09:03:08 +0000

US Treasury Secretary supports Greek reform package US Treasury Secretary Timothy Geithner Sunday threw US support behind the latest Greek economic reform package and said the United States would encourage the International Monetary Fund (IMF) to back this agreement. “We welcome the program of economic reforms agreed to by the Prime Minister of Greece and [...]

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Banks and the US Economy

Shayne Heffernan — Mon, 20 Feb 2012 08:42:34 +0000

Bank lending is Key for economic growth Credit is the lifeblood of out modern economy. The breakdown of the credit markets was the major factor behind the severity of the economic downturn of Y 2008 and the Key reason the recovery has been so sluggish in the developed western economies. Note: rebounds from inventory recessions [...]

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Red Alert: Assured Guaranty Ltd. (NYSE:AGO)

Shayne Heffernan — Mon, 16 Jan 2012 14:38:01 +0000

Red’s Bull Trade Alert: Assured Guaranty Ltd. (NYSE:AGO) 16 January 2012 Profile: Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company offers insurance, reinsurance, and credit derivative products that protect holders of debt instruments and other monetary obligations [...]

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French Banks are Safe

Shayne Heffernan — Mon, 26 Sep 2011 06:58:05 +0000

French central bank denies re-capitalization plan for major banks French central bank governor Christian Noyer Sunday denied reports of a re-capitalization plan for the Country’s major banks despite the month-long financial turmoil. In an interview with the weekly Journal du Dimanche, Noyer reiterated that French banks did not need to re-capitalize their funds “as they [...]

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Bad Loans Hit Spain

Shayne Heffernan — Mon, 19 Sep 2011 15:34:54 +0000

Spanish banks’ bad loans rose in July to the highest level in 16 years at nearly seven percent, the Bank of Spain said Monday. Bank loans whose recovery is in doubt amounted to 124.7 billion euros ($171.9 billion), or 6.94 percent of total assets, in July, the central bank said in a report – the [...]

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BlackRock, Inc., NYSE:BLK Heading back to $200

Shayne Heffernan — Wed, 14 Sep 2011 18:48:07 +0000

BlackRock, Inc., NYSE:BLK is heading back to $200 according to HCM, Shayne Heffernan said today ” BlackRock CEO Fink is on the right track with his focus on oversold equities in Europe.” Chief Executive Laurence Fink said beaten-down European equities and stocks that pay dividends are still a good bet during current tumultuous markets. At [...]

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McGraw-Hill to split into 2 companies

Shayne Heffernan — Tue, 13 Sep 2011 05:30:56 +0000

McGraw-Hill Cos. (NYSE:MHP) will split up into 2 public companies with 1 focused on education and the other centered on markets, featuring the Standard & Poor’s unit. The decision follows a yearlong review of the Company’s business. Investors have pushed the New York company to boost the Company’s stock price, which has dropped by more [...]

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Citigroup not planning layoffs for Asia Pacific IT department for now

Shayne Heffernan — Fri, 09 Sep 2011 12:09:03 +0000

9 Sept. 2011 (LTN)- Citigroup Inc. (NYSE:C) said Friday there is no plan now to lay off staff in its information technology department (IT) in Asia Pacific. The statement comes after a Mingpao Daily report Friday cited unnamed sources as saying the US bank plans to reduce positions in its I.T. department in Asia. Citigroup [...]

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B of A will be a smaller, more focused bank

Shayne Heffernan — Fri, 09 Sep 2011 11:46:20 +0000

9 Sept. 2011 (LTN) Bank of America Corp. (NYSE:BAC) will cut employees and assets to make the biggest US lender easier to manage, said Chief Executive Officer Brian T. Moynihan. About 48 of the bank’s Top executives are scheduled to meet Friday at the firm’s North Carolina HQ to review initiatives in Mr. Moynihan’s cost-cutting [...]

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Bank of America Corp. (NYSE:BAC), Success Without Dilution

Shayne Heffernan — Fri, 02 Sep 2011 19:47:54 +0000

Bank of America will let the courts sort the mortgage matters out Bank of America Corp. (NYSE:BAC), the US’ largest lender by assets, said it can meet capital goals without selling common stock and said it had expected some of the recent “Noise” in mortgage-related legal actions. “There are many non-dilutive ways for us to [...]

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The QE3 Tool Box

Shayne Heffernan — Thu, 01 Sep 2011 17:11:06 +0000

The US Fed’s Tool Box Update Tuesday the US Federal Reserve board released minutes from the August 9th meeting. The details of the meeting told us that the nation’s bankers are divided as to how to move the slowed US economy forward. The notes said that the leaders of the World’s largest central bank have [...]

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Hong Kong fiscal reserves reach 75.4 billion USD

Shayne Heffernan — Thu, 01 Sep 2011 09:17:32 +0000

Hong Kong fiscal reserves reach 75.4 billion USD Hong Kong’s Financial Services and the Treasury Bureau said Wednesday that the fiscal reserves stood at 588.3-B HK Dollars (about US$75.4-B) at the end of July. Statistics showed that government expenditure in July was 29.6-B HK Dollars, with revenue of 27.4-B HK Dollars, resulting in a deficit [...]

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The ASEAN Hot List THD, EWM, EIDO, EWS, IDX, VNM

Shayne Heffernan — Wed, 31 Aug 2011 19:41:14 +0000

iShares MSCI Malaysia Index Fund (EWM), iShares MSCI Indonesia Investable Market Index Fund (EIDO), iShares MSCI Singapore Index Fund (EWS), Market Vectors Indonesia Index ETF (IDX), iShares MSCI Thailand Index Fund (THD), Market Vectors Vietnam ETF (VNM) For many the easiest and most cost effective way to gain exposure to the booming markets and currencies [...]

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Indonesia Banks a Strong Buy

Shayne Heffernan — Wed, 31 Aug 2011 19:19:01 +0000

Banks in Indonesia recorded 23 percent growth in their earnings over the first four months this year from the same period a year ago, central bank data showed on Thursday. Sigit Pramono, the chairman of Indonesian Banking Association (Perbanas), said the data affirmed predictions that lenders here would continue raking in healthy profits thanks to [...]

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Bill Gross Says He Was Wrong

Shayne Heffernan — Tue, 30 Aug 2011 17:59:29 +0000

The King of Bonds, PIMCO’s Bill Gross, says he made a big mistake The King of Bonds, Bill Gross, Pimco co-founder and manager of the US$244-B Total Return Fund said Tuesday that his bet against US Treasuries was a mistake. The Total Return Fund sold all its US Treasury holdings this winter thinking Treasuries were [...]

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August Tough for Hedge Funds

Shayne Heffernan — Mon, 29 Aug 2011 20:12:30 +0000

The average hedge fund is down 4.1% so far in August, according to Hedge Fund Research. That means that, not withstanding the remarkable rally between today and Wednesday, August will be the worst month for Hedge Funds since the collapse of Lehman Brothers and one of the five worst months since 1990. August 2011 will [...]

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Alpha Bank and Eurobank Merge

Shayne Heffernan — Mon, 29 Aug 2011 18:17:08 +0000

Alpha Bank and Eurobank merge to become biggest lender in Greece Greek Alpha Bank and EFG Eurobank Monday officially announced their plan to merge into the biggest lender in Greece with the backing of Qatar, amidst an acute debt crisis that has rocked the Greek financial system since late Y 2009. The 2 private banks [...]

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Will JP Morgan (NYSE:JPM) Buy Bank of America (NYSE:BAC)?

Shayne Heffernan — Wed, 24 Aug 2011 08:43:59 +0000

Will JP Morgan (NYSE:JPM) Buy Bank of America (NYSE:BAC)? There is a rumor now on Wall St. that JP Morgan (NYSE:JPM) will buy Bank of America (NYSE:BAC) within the week. The word is that the US government will support the deal with a US$100-B investment in preferred shares issued by the combined entity. Alternatively, the [...]

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Lloyds TSB Group plc (ADR), NYSE:LYG Upgraded

Shayne Heffernan — Tue, 23 Aug 2011 15:31:28 +0000

Lloyds TSB Group plc (ADR), NYSE:LYG has been Upgraded to a strong buy with a 2012 price target of $3.70 issued today by Shayne Heffernan. Lloyds Banking Group plc, incorporated on October 21, 1985, is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and [...]

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Bank of America Corp NYSE:BAC Remains a Buy

Shayne Heffernan — Tue, 23 Aug 2011 14:53:53 +0000

Bank of America Corp NYSE:BAC announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable on September 23, 2011 to shareholders of record as of September 2, 2011. The board also declared a regular quarterly cash dividend of $1.75 per share on the [...]

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Korea Investment Corp is Buying Bank of America Corp. (NYSE:BAC)

Shayne Heffernan — Tue, 23 Aug 2011 05:48:08 +0000

South Korea’s KIC bought US$78-M of BofA shares so far South Korea’s sovereign wealth fund, Korea Investment Corp., aka KIC, has purchased US$78-M in Bank of America Corp. (NYSE:BAC) shares this year, saying that the US banking giant’s shares are undervalued. KIC bought the shares beginning January with part of the US$145-M in dividends it [...]

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World Market Snap Shot

Shayne Heffernan — Thu, 18 Aug 2011 21:12:12 +0000

Red’s Bull Trader Alert: Fears of another recession hammered US stocks Thursday, sending major averages South more than 3% as the market returned to the extreme fluctuations investors had hoped were over, however are often the norm ahead and just after of Options Expiration Friday. Are you watching the VIX? Volatility rose, with the CBOE [...]

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USDCHF a Buy

Shayne Heffernan — Thu, 18 Aug 2011 19:34:29 +0000

Swiss National Bank vice-president Thomas Jordan said the central bank was assessing ”a whole range of options” to prevent the franc, which reached a record against the euro this month, from making Swiss goods prohibitively expensive. Even a cup of coffee in Zurich costs $US8.30 ($A7.95), with one Swiss franc buying $US1.2750. Billionaire entrepreneur Christoph [...]

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GBPUSD Data

Shayne Heffernan — Wed, 17 Aug 2011 19:48:33 +0000

Britain’s unemployment figure rose by 38,000 to 2.49 million in the three months to June, the Office for National Statistics (ONS) said on Wednesday. The increase came as quite surprising and disappointing because the figure had been generally expected to fall further after dropping for four consecutive months. GBP/USD was underperforming earlier today, falling to [...]

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USDCHF Trading Update

Shayne Heffernan — Wed, 17 Aug 2011 15:45:24 +0000

The franc rallied on Wednesday, after the Swiss National Bank expanded its sight deposits for the second time in a week to flood the banking system with more francs. The measures fell well short of more radical moves that some analysts had expected, such as pegging the franc to the euro or announcing a floor [...]

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EURUSD Update

Shayne Heffernan — Tue, 16 Aug 2011 08:06:39 +0000

The German economy, Europe’s largest, almost stalled in the second quarter as the region’s sovereign debt crisis weighed on confidence. Gross domestic product, adjusted for seasonal effects, rose 0.1 percent from the first quarter, when it jumped a revised 1.3 percent, the Federal Statistics Office in Wiesbaden said today. Economists had forecast growth of 0.5 [...]

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Everest Re Group, Ltd. NYSE:RE Upgraded

Shayne Heffernan — Mon, 15 Aug 2011 19:43:03 +0000

Everest Re Group, Ltd. NYSE:RE: has seen insiders buy almost 3% of the company’s 44.06M share float, helping the stock rally 4.7% over a difficult year. Shayne Heffernan has Upgraded Everest Re Group, Ltd. NYSE:RE to a strong buy with a 2012 price target of $120. Everest Re Group, Ltd., through its subsidiaries, is principally [...]

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Robert Zoellick on World Economy

Shayne Heffernan — Sun, 14 Aug 2011 17:06:40 +0000

Robert Zoellick has pointed out the lack of confidence in the leadership of major economic areas, mainly the USA and Europe and has said that this fear may lead to further challenges. Speaking at the Asia Society dinner in Sydney, Robert Zoellick also said the global economy was going through a multi-speed recovery, with developing [...]

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An analysis of the equal weighted indexes underlying the Dow Jones Target Date Index family

Shayne Heffernan — Fri, 12 Aug 2011 15:45:38 +0000

Each Dow Jones Target Date Index is a composite of three major asset class (CMAC) indexes: Dow Jones Global Stock CMAC Index (Stock CMAC), Barclays Capital Bond Composite-Global Index (Bond CMAC), and Barclays Capital Cash Composite-Global Index (Cash CMAC). The Stock CMAC consists of nine pure (non-overlapping) equity sub-asset classes and the Bond CMAC consists [...]

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Improving USA Economic Data

Shayne Heffernan — Fri, 12 Aug 2011 04:28:18 +0000

Retailers, including Macy’s Inc. and Limited Brands Inc., reported July same-store sales that exceeded analysts’ estimates. Purchases at Macy’s rose 5 percent, surpassing the 4.4 percent average projection compiled by Retail Metrics Inc. Limited, operator of the Victoria’s Secret chain, posted a gain of 6 percent from a year earlier. The economy expanded at a [...]

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Banks Batter Europe

Shayne Heffernan — Wed, 10 Aug 2011 23:47:41 +0000

Almost six stocks fell for each that gained in the Stoxx 600. Intesa Sanpaolo, the Italian lender, and French bank BNP Paribas lost more than 10 per cent. France’s CAC-40 Index sank 4.7 per cent to the lowest level since July 2009, while the FTSE-MIB Index in Italy plunged 5.9 per cent for its biggest [...]

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A Look at the US Dollar

Shayne Heffernan — Sun, 07 Aug 2011 09:50:59 +0000

The USD rose last week as the Country avoided a debt default and actions were taken by other central banks, but economic concerns still put pressure on the currency. US President Barack Obama announced last Sunday night that Democrats and Republicans had reached agreements on raising the government’s debt ceiling, thus avoiding a default. The [...]

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EURUSD Trading Technicals

Shayne Heffernan — Sun, 07 Aug 2011 09:35:17 +0000

The lines are drawn for the post NFP reaction NFP and the 1.4150-1.42 Zone Last Tuesday and Wednesday’s broken lows near 1.4150 to 1.4175 were tested ahead of the NFP release. This is near the 38.2% retracement level seen in the 1 hr chart. The forecast for 89K to 91K after a dismal 18K is [...]

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Douglas McWilliams on Italy and Default

Shayne Heffernan — Thu, 04 Aug 2011 08:25:52 +0000

Realistically, Italy is bound to default without rescue, but Spain may just get away without having to do so The failure of the European leaders to sort out their economic problems before going away for August has left Italy and Spain in the lurch. Prime Minister Zapatero has cancelled his summer holiday; Prime Minister Berlusconi, [...]

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Paul Ebeling Wall St Week Ahead

Shayne Heffernan — Mon, 27 Jun 2011 10:13:46 +0000

Again this week there are lots of economic data, and earnings season is about to begin again. From a Earning POV there have not been many warnings, and most forecasts are positive. There are lots of good stocks setting up on the upside, and there are a lot of stock already set up for the [...]

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Abhisit Vejjajiva on the Thai Baht and the USD

Shayne Heffernan — Mon, 21 Mar 2011 21:10:22 +0000

Thai Prime Minister Abhisit Vejjajiva spoke on Monday Evening at The Foreign Correspondents Club of Thailand (FCCT). After his keynote speech in which he outlined the Government’s achievements in Education, Economic Growth and stabilizing rural income, Abhisit Vejjajiva took some Q&A. During the Q&A I was fortunate enough to ask the Prime Minister about the [...]

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Thailand Equity Preview, TMB, KBANK, BBL

Shayne Heffernan — Mon, 14 Feb 2011 19:30:24 +0000

Yesterday The Stock Exchange of Thailand (SET) composite index on Monday gained 17.50 points or 1.84 per cent to close at 967.07 points. The market value was 23.92 billion baht, with 2.52 billion shares traded. The Asian Development Bank has signed an agreement to grant $300 million worth of credit loans to Thailand under the [...]

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Tisco Financial Group Profits Jump 45%

Shayne Heffernan — Sun, 13 Feb 2011 06:33:12 +0000

Tisco Financial Group, the owner/operator of Bangkok based Tisco Bank and related finance companies, reported surprise 45% growth in net profit for 2010, driven by strong loan growth during economic uncertainty in last year. In Early January 2011 Suthas Ruangmanamongkol, president of Tisco Bank, told reporters the group Expects 2011 net profit to rise 10-15 [...]

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Pattaya Pool Villa’s for Apex Development PCL

Shayne Heffernan — Fri, 11 Feb 2011 16:44:04 +0000

Apex Development Public Company Limited is now in the category “property development” with its SET symbol as APX. www.apexpcl.com www.whitesandbeachpattaya.com Apex’s new executive management team is led by Mr. Pongphan Sampawakoop who has more than 30 years experience in property development whose its goal is to maximize growth and profit for stock holders. The company [...]

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Indonesian Banks a Strong Buy, Rakyat, Mandiri, BCA

Shayne Heffernan — Mon, 07 Feb 2011 06:36:58 +0000

5 Indonesian Banks now rank among the world’s 500 most valuable banking brands, according to consultancy company Brand Finance. The Indonesian banks on the list are Bank Rakyat Indonesia, which came in 195th, followed by Bank Mandiri (208), Bank Central Asia (225), Bank Negara Indonesia (256) and Bank Danamon (311). BRI, the second-largest bank in [...]

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ASEAN Trading Oultook, Tiger Airlines, PTT, Genting, Aboitiz, KTB

Shayne Heffernan — Mon, 31 Jan 2011 21:20:59 +0000

ASEAN Markets will post gains today. Shayne Heffernan’s Best Buys are Tiger Airlines, PTT, Genting, Aboitiz, KTB Indonesia, Thailand, Singapore, Malaysia and Philippines are all trading lower of late but that trend will now flatten off and the ASEAN markets will begin a recovery above and beyond the recent highs. The Dow Jones industrial average [...]

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ASEAN Stocks, Thoresen Thai Agencies, PTT, PTTEP

Shayne Heffernan — Sun, 30 Jan 2011 21:00:43 +0000

ASEAN Markets This Week ASEAN is the place to be buying stocks this week, while media attention shifts to Egypt as a new reason to sell real investors will be bargain hunting. Thailand has had excessive selling over unfounded fears of political unrest and looks like the best place for bargain hunting, PTT, PTTEP, IVL, [...]

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BankUnited IPO Success NYSE:BKU

Shayne Heffernan — Fri, 28 Jan 2011 17:18:55 +0000

BankUnited raised $783 million from the IPO. It sold 29 million shares at $27 each, up from an earlier plan to sell 26.25 million shares at $23 to $25 each. BankUnited’s private equity backers, which include Wilbur Ross’s WL Ross & Co, Blackstone Group and Carlyle Group, have seen their roughly $900 million initial investment [...]

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Paul Ebeling on Gold, Silver, Oil

Shayne Heffernan — Thu, 27 Jan 2011 07:15:34 +0000

Gold moves higher after sharp drop Gold futures on the COMEX Division of the New York Merc Wednesday closed higher in a late-session rebound, as bargain hunters entered into the market following a sharp decline in the Gold price. The most active Gold contract for Feb delivery gained 0.7 oz, or 0.05%, to settle at [...]

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China Stocks Continue Rebound, NYSE:CEO, NYSE:SHI, NYSE:CHU

Shayne Heffernan — Wed, 26 Jan 2011 06:40:43 +0000

CNOOC Limited (ADR) NYSE:CEO, Sinopec Shanghai Petrochemical Co. (ADR) NYSE:SHI , China Unicom (Hong Kong) Limited (ADR) NYSE:CHU China stocks are rebounding after falling 15% since November 8 2010. The Hang Seng Index gained 0.3 per cent to 23,856.81 in morning trade, halting a four-day, 2.6 per cent drop. Hong Kong, stocks rose as investors [...]

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EUR vs USD, more gains coming

Shayne Heffernan — Wed, 26 Jan 2011 06:08:41 +0000

The Euro rose to 1 2 month high above 1.37 Tuesday, and looked set to extend gains as momentum turned Bullish after the currency’s recent break above Key chart marks. Looking at the technical factors, which are important in the near term, there is room for a retest of previous highs just at 1.38, as [...]

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PT Bank Mandiri (BMRI) to Raise $1.3bUS

Shayne Heffernan — Tue, 25 Jan 2011 09:56:23 +0000

Shayne Heffernan Strong Buy PT Bank Mandiri (BMRI), Indonesia’s biggest lender, will to raise 11.69 trillion rupiah ($1.3 billion) in a rights issue, set to be Indonesia’s second-biggest rights offering, based on the term sheet HCM has received. The Bank Mandiri rights issue price indication of 5,000 rupiah per share, just below the mid point [...]

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The Heffernan Report, NYSE:GS, NYSE:FCX, NYSE:CVX, S&P 500

Shayne Heffernan — Sun, 23 Jan 2011 19:07:24 +0000

Goldman Sachs Group, Inc. NYSE:GS, Freeport-McMoRan Copper & Gold Inc. NYSE:FCX, ConocoPhillips NYSE:COP, Chevron Corporation NYSE:CVX, NYSE:GS, NYSE:FCX, NYSE:CVX, S&P 500 Trading Outlook Last week we saw a much needed slowdown around the World. Many markets are now near multi year highs and investor sentiment has seen its strongest test of the rally and the [...]

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Strong Buy PT Bank Mandiri (Persero) Tbk

Shayne Heffernan — Sun, 23 Jan 2011 14:13:50 +0000

Shayne Heffernan has issued a Strong Buy PT Bank Mandiri (Persero) Tbk with a Price target of 9000RP by 2012. Bank Mandiri is the largest bank in Indonesia in terms of total assets, loans and deposits. As per 31st December 2009, it has IDR 394.6 trillion (US$42 billion) in total assets. The Bank offers a [...]

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Gold, Silver, Oil Trading Report NYSE:USO, NYSE:SLV, NYSE:GLD

Shayne Heffernan — Sun, 23 Jan 2011 12:49:19 +0000

SPDR Gold Trust (ETF), NYSE:GLD, iShares Silver Trust (ETF), NYSE:SLV, United States Oil Fund LP (ETF), NYSE:USO NYSE:USO, NYSE:SLV, NYSE:USO The Overall Fundamentals NYSE:USO, NYSE:SLV, NYSE:GLD Gold and Silver Gold and Silver declined last week on worries about monetary tightening. In decline over the past 3 weeks, the benchmark contract for Gold has now reached [...]

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Shayne Heffernan Top 10 Dividend Stocks

Shayne Heffernan — Sat, 22 Jan 2011 16:07:55 +0000

Shayne Heffernan has released his top 10 dividend stocks. Seadrill Limited (NYSE:SDRL), Chimera Investment (NYSE:CIM), American Capital Agency (NASDAQ:AGNC), Teekay Tankers (NYSE:TNK), Partner Communications (NASDAQ:PTNR) , Vector Group (NYSE:VGR), Alaska Communications Systems Group (NASDAQ:ALSK), Grupo Aeroportuario (NYSE:ASR) , Pennantpark Investment Corp (NASDAQ:PNNT), Navios Maritime Partners L.P. (NYSE:NMM) Shayne Heffernan has said “Low rates will prevail [...]

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Shayne Heffernan: Best Dividend Stocks 2011

Shayne Heffernan — Wed, 19 Jan 2011 07:44:15 +0000

Shayne Heffernan has affirmed his strong buy on 4 dividend stocks as stand out investments in 2011. Resource Capital (NYSE:RSO), Annaly Capital (NYSE:NLY),Chimera Investment (NYSE:CIM), American Capital Agency (NASDAQ:AGNC) “Low rates will prevail in 2011 and in looking for an alternative” said Shayne Heffernan, he added “we expect to see a shift to more funds, [...]

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Callon Petroleum NYS:CPE Upgraded to Strong Buy

Shayne Heffernan — Fri, 14 Jan 2011 16:39:26 +0000

Callon Petroleum Company NYSE:CPE has been upgraded to a strong buy at Heffernan Capital Management, Chutinush Taksinapinunt has released a strong buy on the stock in research released today. Callon Petroleum Company (Callon), incorporated in 1994, is engaged in the exploration, development, acquisition and production of oil and gas properties. In September 2009, the Company [...]

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Dividend Research NYSE:RSO, NYSE:NLY, NYSE:CIM, NYSE:AGNC

Shayne Heffernan — Fri, 14 Jan 2011 14:39:46 +0000

Research Released on Resource Capital (NYSE:RSO), Annaly Capital (NYSE:NLY),Chimera Investment (NYSE:CIM), American Capital Agency (NASDAQ:AGNC) Shayne Heffernan has affirmed his strong buy on 4 dividend stocks as stand out investments in 2011. Resource Capital (NYSE:RSO), Annaly Capital (NYSE:NLY),Chimera Investment (NYSE:CIM), American Capital Agency (NASDAQ:AGNC) “Low rates will prevail in 2011 and in looking for an [...]

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Paul Ebeling Wall St Outlook BAC, JPM, WFC, USB

Shayne Heffernan — Mon, 10 Jan 2011 13:22:53 +0000

Bank of America Corp (NYSE:BAC), JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Co (NYSE:WFC) and US Bancorp (NYSE:USB) Paul Ebeling Wall St Outlook BAC, JPM, WFC, USB US Stocks fell Friday after news that a court ruled in a Key foreclosure case and prompted players to exit some bank stocks. The S&P 500 and [...]

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Paul Ebeling on Gold, Silver, Oil NYSE:USO, NYSE:SLV, NYSE:USO

Shayne Heffernan — Sun, 09 Jan 2011 14:21:14 +0000

SPDR Gold Trust (ETF), NYSE:GLD, iShares Silver Trust (ETF), NYSE:SLV, United States Oil Fund LP (ETF), NYSE:USO Commodities started Y 2011 on a rocky path, as prices were set by the USD’s strength and macro-economic developments. SPDR Gold Trust (ETF), NYSE:GLD, iShares Silver Trust (ETF), NYSE:SLV, United States Oil Fund LP (ETF), NYSE:USO Earlier in [...]

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Maybank US$1.4B bid for broker Kim Eng Malaysia

Shayne Heffernan — Thu, 06 Jan 2011 06:53:28 +0000

Maybank planning a US$1.4B bid for broker Kim Eng Malayan Banking Bhd. (MK:MAY) Malaysia’s biggest lender by assets, is planning an offer of about 4.2B Ringgit (US$1.4B) for Singapore broker Kim Eng Holdings Ltd., (SP:KEH) a reliable source reported. Maybank, as the Kuala Lumpur based bank is known, will make a general offer to shareholders. [...]

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Best Dividend Stocks to Own NYSE:RSO, NYSE:NLY, NYSE:CIM, NYSE:AGNC

Shayne Heffernan — Wed, 05 Jan 2011 18:57:41 +0000

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Special Report BAC, GS, C, JPM, MS, AIG, MET, DB

Shayne Heffernan — Mon, 03 Jan 2011 09:40:34 +0000

Bank of America Corp.(NYSE:BAC), JPMorgan Chase & Co.(NYSE:JPM), Citigroup, (NYSE:C) Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS), Special Report. How Wall Street Beat Pennsylvania Avenue, and got all they wanted + much more… BAC, GS, C, JPM, MS, AIG, MET, DB Wall Street’s biggest banks, whose action was rulled caused a Global financial [...]

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Global Economy 2011

Shayne Heffernan — Fri, 31 Dec 2010 07:19:51 +0000

As Equities ease a bit, hopes run high for Y 2011 Global equities were mainly on the defensive Thursday, while the Swiss franc hit record highs against the USD and Euro as light trading characterized he markets. As the year comes to a end, optimism is high that Y 2011 will see further gains for [...]

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Strong Buy on UOB Bank Singapore

Shayne Heffernan — Thu, 30 Dec 2010 07:42:26 +0000

Shayne Heffernan of Ebeling Heffernan has confirmed a strong buy issued on on UOB Bank Singapore with a price target of $26 in 2011. United Overseas Bank Limited (UOB or the Bank) is principally engaged in the business of banking in all its aspects, including the operation of an Asian Currency Unit under the terms [...]

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CITIC opens a branch in Singapore

Shayne Heffernan — Wed, 29 Dec 2010 19:57:24 +0000

China’s CITIC Bank International opens a branch in Singapore The 1st Singapore branch of CITIC Bank International (CBI) opened Wednesday, as part of a regional expansion plan of its parent China CITIC Bank Corporation. The full-service commercial bank told Xinhua that the Singapore branch is also its first in Southeast Asia, a region that is [...]

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Paul Ebeling Wall St Report, CRM, AAPL, ORCL, RIMM, STD, RBS

Shayne Heffernan — Mon, 20 Dec 2010 08:13:29 +0000

Watching the VIX: The CBOE Volatility index .VIX fell to its lowest level since April, dropping 7.4% to 16.11. Some indicators are pointing: to an “Overbought” market such as high levels of Bullishness, often seen as a contrarian indicator, as well as a high Call to Put ratio, indicating players may be complacent about hedging [...]

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Shayne Heffernan Global Market Outlook

Shayne Heffernan — Sun, 28 Nov 2010 12:22:40 +0000

Chimera Investment (NYSE:CIM), Grupo Aeroportuario (NYSE:ASR), Formula Systems (NASDAQ:FORTY), American Capital Agency (NASDAQ:AGNC) Wall St Outlook Europe’s problems continue but not even they will stop a Wall St Rally this week, strong holiday spending and a much improved US employment situation will be enough to lift the Street this week. The same fear mongering headlines [...]

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ASEAN Outlook, PTT, ARWD, Sunvic, PTTEP, Yee Lee

Shayne Heffernan — Thu, 25 Nov 2010 20:01:48 +0000

ASEAN Markets will look to extend gains today as positive sentiment from the USA lifts regional export growth. Palm Oil Stocks Univanich, Yee Lee and Golden Agri look like good buys, Indonesian producer Arrow Resources should also be a good buy this week. SunVic , Sunpower and Hu An stand out in Singapore. PTT and [...]

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Philippine Stock Exchange Flat

Shayne Heffernan — Tue, 23 Nov 2010 19:07:14 +0000

In Manila the Philippine Stock Exchange index trading sideways on Tuesday before it settled at 4, 147.35, 0.94 percent or 39.54 points lower. The broader all-share index was up by 2.35 percent or 65.25 points to 2,830.42. Trading volume reached 1.18 billion shares worth P5.24 billion ($126.1 million). Decliners continue to outsmart advancers 88 to [...]

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Best Dividend Buys, AGNC, MSW, NAT, CEL

Shayne Heffernan — Sun, 21 Nov 2010 22:26:54 +0000

American Capital Agency Corp. NASDAQ:AGNC, Mission West Properties, Inc. NASDAQ:MSW, Nordic American Tanker Shipping Limited NYSE:NAT, Cellcom Israel Ltd. NYSE:CEL Dividend stocks are what you should be buying right now. The low interest environment is making these stock long term bargains. Heffernan Capital Management is going to launch an all dividend, geographically diverse stock fund [...]

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Bangkok Over 1000, PTT, Banpu, IVL, PTTEP

Shayne Heffernan — Thu, 18 Nov 2010 20:33:13 +0000

The Stock Exchange of Thailand (SET) composite index went up 14.59 points or 1.47% to close at 1,004.72 points at the end of trading session on Thursday afternoon. The trade value was 30.96 billion baht. Straits Resources Limited has reportedly agreed to sell off its coal assets to Thailand energy PTT firm for AUD 544.1 [...]

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Jakarta Rally’s into Close, Harum Energy, Indika Energy

Shayne Heffernan — Thu, 18 Nov 2010 20:20:36 +0000

In Jakarta the JCI rose 3.88 points, or 0.1 percent, to close at 3,677.9. About 14.9 billion shares worth Rp 6.5 trillion ($728 million) changed hands. Gainers outnumbered decliners 109 to 97. This came after the stock exchange closed on Wednesday in observance of Idhul Adha, the Islamic Day of Sacrifice. Coal stocks led Thursday’s [...]

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HK Stocks Rally, Cheung Kong , China Life, PetroChina, Sinopec

Shayne Heffernan — Thu, 18 Nov 2010 16:53:46 +0000

Cheung Kong HKG:0001, China Life NYSE:LFC, PetroChina NYSE:PTR, Sinopec NYSE:SHI Hong Kong stocks spiked on Thursday after a nearly 6 percent drop of the benchmark index in the past four trading days, as heavyweights and mainland lenders rebounded powerfully. The benchmark Hang Seng Index moved up 422.93 points, or 1.82 percent, to close at 23,637.39 [...]

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Comerica Inc NYSE:CMA Strong Buy

Shayne Heffernan — Wed, 17 Nov 2010 10:06:47 +0000

Ebeling Heffernan have upgraded Comerica Inc NYSE:CMA after it said it would buy back 7 percent of its outstanding common shares, and doubled its quarterly dividend to 10 cents a share. Comerica Incorporated (Comerica) is a financial services company. Comerica operates through three business segments: the Business Bank, the Retail Bank, and Wealth & Institutional [...]

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ASEAN Market Outlook, OLAM, PTT, IVL, PTTEP, UOB

Shayne Heffernan — Mon, 15 Nov 2010 21:42:01 +0000

ASEAN Markets will managed to add to gains today after strong leads from Wall St and Japan. The Dow Jones industrial average ended up 9.39 points, or 0.08 per cent, at 11,201.97, according to the latest available figures. The Standard & Poor’s 500 Index was down 1.46 points, or 0.12 per cent, at 1197.75. The [...]

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Singapore Falls, OCBC, DBS, UOB, OLAM

Shayne Heffernan — Mon, 15 Nov 2010 21:30:56 +0000

In Singapore the STI began the week with a fall of .5% amid mixed performances in the regional markets. Sentiment was cautious amid speculation and denials that Ireland faces a Greek-style economic bailout while analysts warned that the turmoil risks spreading across the eurozone. In Singapore, the Straits Times Index (STI) fell 15.20 points to [...]

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Global Outlook, NYSE:VIA.B, NYSE:CIM, NYSE:GA

Shayne Heffernan — Sun, 14 Nov 2010 15:22:48 +0000

Viacom, NYSE:VIA.B Chimera Investment Corporation, NYSE:CIM, Giant Interactive Group Inc, NYSE:GA, Golden Agri-Resources Ltd, SIN:E5H, Univanich Palm Oil Public Company Limited, UVAN, Arrow Resources Development Inc, OTC:ARWD, Yee Lee Corp, YLEE, 5584 Wall St, Singapore, Thailand, Malaysia, Indonesia Many are touting Wall Street’s rally is running out of steam as the S&P 500 retreats from [...]

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ASEAN Market Weekly Summary, Olam, PTT, PTTEP, ARWD

Shayne Heffernan — Sat, 13 Nov 2010 18:03:46 +0000

China and Wall St took the lead in ASEAN Trading this week and after hitting all times highs Monday and Tuesday, bad news overseas pulled exchanges lower. OLAM, Sembcorp Marine, PTT, PTTEP, IVL, Arrow Resources, Noble Group, UVAN, YEE LEE, Genting remain hot buys this week. In Singapore the Straits Times Index closed lower on [...]

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Ebeling Heffernan Strong Buy Allied Irish Banks NYSE:AIB up 10%

Shayne Heffernan — Fri, 12 Nov 2010 21:39:08 +0000

Ebeling Heffernan Strong Buy Allied Irish Bank NYSE:AIB has rallied 10% today up from 78c from where the Strong Buy was issued to close at $1.04. Wall St Hot Stocks Allied Irish Banks, plc. (ADR) NYSE:AIB Allied Irish Banks, p.l.c. together with its subsidiaries (collectively referred to as the AIB Group or the Group), conducts [...]

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Singapore Falls, Temasek Invests CCB China

Shayne Heffernan — Fri, 12 Nov 2010 19:49:56 +0000

In Singapore the Straits Times Index closed lower on Friday, with the benchmark Straits Times Index at 3,252.00, down 1.26 per cent, or 41.39 points. Temasek Holdings is poised to invest around US$1.55 billion (S$2 billion) in China’s second-largest lender, in a move that will further entrench its presence in the fast-growing Asian market. The [...]

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Wall St Winners MMYT, HMIN, CLWR

Shayne Heffernan — Thu, 11 Nov 2010 21:51:16 +0000

Not many were winners today, MakeMyTrip Limited NASDAQ:MMYT, Home Inns & Hotels Management Inc. (ADR) NASDAQ:HMIN, Clearwire Corporation NASDAQ:CLWR . MakeMyTrip Limited NASDAQ:MMYT 38.76 +4.34 (12.61%) MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary, MakeMyTrip (India) Private Limited (MMT) India. Through its primary Website, [...]

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ASEAN Market Outlook, CPF, OCBC, AXIATA, PERISAI, ARWD

Shayne Heffernan — Thu, 11 Nov 2010 21:24:51 +0000

Another flat to higher days trading in ASEAN today, exchanges are sitting at all time highs and are waiting on a solid lead from China or the USA to head towards the next level. The numbers and general momentum in both markets are good, today however Analysts over reacted to the CSCO outlook, this had [...]

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Singapore Flat, OCBC, Golden Agri-Resources Rally

Shayne Heffernan — Thu, 11 Nov 2010 19:39:06 +0000

In Singapore the Straits Times Index STI closed 4.15 points higher at 3,293.39. Investors in Singapore remained cautiously optimistic the G20 summit in Seoul, which begin on Thursday, might yield some positive cues on the outlook for the global economic recovery. The Winners, Ebeling Heffernan strong buy OCBC rose 3.1% to S$10.24 as investors remained [...]

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ASEAN Market Outlook, DBS, PTT, UVAN, Ayala, IVL, Yee Lee

Shayne Heffernan — Wed, 10 Nov 2010 21:15:51 +0000

ASEAN Markets look set for a broad based rally today after a positive night in US markets. News on US Jobs and a Shrinking US Trade Gap will help ASEAN Markets build on their incredible rally in 2010.US stocks erased their morning losses Wednesday, moving tepidly in and out of positive territory in late trading [...]

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Singapore Falls, Wilmar, Temasek, DBS

Shayne Heffernan — Wed, 10 Nov 2010 20:46:56 +0000

In Singapore the Straits Times Index closed at 3289.24, down 0.74 per cent, or 24.37 points. Around 2.4 billion shares exchanged hands. Losers beat gainers 293 to 201. Temasek Plays Games TEMASEK Holdings is making a play for a slice of the booming online gaming business. The sovereign fund is heading a consortium of investors [...]

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Strong Buy on Universal Insurance Holdings, Inc. AMEX:UVE

Shayne Heffernan — Wed, 10 Nov 2010 20:00:15 +0000

Shayne Heffernan of Ebeling Heffernan has released a strong buy on Universal Insurance Holdings, Inc. AMEX:UVE (UIH) with a price target of $8.20 in 2011. Universal Insurance Holdings, Inc. AMEX:UVE incorporated on November 13, 1990, is a vertically integrated insurance holding company. The Company, through its subsidiaries, is engaged in insurance underwriting, distribution and claims. [...]

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Insiders are Buying Bank of America NYSE:BAC

Shayne Heffernan — Wed, 10 Nov 2010 15:24:10 +0000

Bank of America Corp NYSE:BAC Insiders, including the chairman, purchased 65,000 shares of the company on Tuesday, according to a Wednesday filing. Bank of America Chairman Chad Holliday purchased 30,000 shares in a transaction valued at $378,150, the filing stated. Holliday’s stock deal roughly doubles the amount of shares he owns in the largest U.S. [...]

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Best Dividend Buys, GS, HTS, TNK, KCAP, NLY, UVE

Shayne Heffernan — Tue, 09 Nov 2010 08:00:57 +0000

Dividend Hot List Ebeling Heffernan are not the only ones keen on dividend stocks, Goldman Sachs analysts are also spotlighting dividends in their weekly markets note published late Friday. Goldman Sachs Said “ Dividends for Financials are expected to rise by 26% in 2011 and 24% in 2012. Even with 25% growth, Financials will pay [...]

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ASX Down, Woodside Lower

Shayne Heffernan — Tue, 09 Nov 2010 06:15:19 +0000

In Sydney Australia, ASX200 index was down 37.7 points, or 0.79 per cent, at 4,740.7 points, while the broader All Ordinaries index had lost 34.5 points, or 0.71 per cent, to 4,820.8 points. Energy stocks lost 2.5 per cent, while financials gave up 0.9 per cent and materials dropped 0.5 per cent. Royal Dutch Shell [...]

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ASEAN Outlook, Golden-Agri, PDLT, Bumi, PTT, Adaro Energy

Shayne Heffernan — Mon, 08 Nov 2010 21:21:01 +0000

ASEAN Markets are set to consolidate today after a flat night in the USA. Ebeling Heffernan Strong Buys Golden-Agri, PDLT, Bumi, PTT, Adaro Energy all outperformed. Today we are looking for bargains, Yee Lee, STX, IVL, Olam, Banpu, PDLT. Over night in the USA the Dow Jones industrial average shed 41.10 points, or 0.36 per [...]

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Paul Ebeling Wall St Outlook GS, JPM, CBS, CROCS

Shayne Heffernan — Mon, 08 Nov 2010 14:10:53 +0000

Re-cap of the US Stock Market Action for the Week/Month ending 5 November 2010. Bull Trader Alert: The S&P 500 has risen about 16% since September and the indexes rose to a 2 yr Thursday, but players began to question how long the up-ward trend could continue without a “pause to refresh”. The technical barrier, [...]

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US Market Sentiment + Bulls vs Bears

Shayne Heffernan — Mon, 08 Nov 2010 13:20:24 +0000

The US Market Sentiment + Bulls vs Bears Are you watching the VIX: Volatility index is holding steady at the mid October mark, and it is low, it can stay low for a long time and the market can continue to rally. I you have been around for a while and reading this column you [...]

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Dark Pool Trading, Citibank, JPM, SGX, HCM

Shayne Heffernan — Sun, 07 Nov 2010 17:06:22 +0000

Dark Pool trading is taking off in Asia. Chi-X Europe is among Europe’s largest equity exchanges, allowing participants to trade equities across major European markets at significantly lower costs and faster speeds than many of the markets of listing. www.chi-x.com Chi-X is setting up in Singapore and will be offering dark pool trading locally in [...]

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Wall St Outlook, NYSE:JPM, NYSE:HTS, NYSE:TNK

Shayne Heffernan — Sun, 07 Nov 2010 13:34:28 +0000

Shayne Heffernan Global Market Outlook, JP Morgan NYSE:JPM, Hatteras Financial Corp NYSE:HTS, Teekay Tankers NYSE:TNK, Bangkok:UVAN, Singapore:NEPS, Maylasia:YLEE, NYSE:NLY, NYSE:AIB Wall Street delivered the rally and volatility we expected this week despite the 3 big challenges, elections, the U.S. Federal Reserve meeting and the Unemployment data. Earnings during the week were also solid and market [...]

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Fed Stimulus Rattles Asia

Shayne Heffernan — Sun, 07 Nov 2010 12:09:02 +0000

ASEAN Affairs www.aseanaffairs.com China has led an Asian backlash against measures by the United States to kick start economic recovery, which have stoked concerns that a flood of loose money could destabilize regional economies. The U.S. Federal Reserve said Wednesday it would pump $600 billion into the economy through debt purchases -effectively printing money-to boost [...]

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Shayne Heffernan Global Market Outlook, JPM, HTS, TNK, AIB

Shayne Heffernan — Sat, 06 Nov 2010 17:20:03 +0000

Shayne Heffernan Global Market Outlook, JPM, HTS, TNK, UVAN, NEPS, YLEE, NLY, AIB Wall Street delivered the rally and volatility we expected this week despite the 3 big challenges, elections, the U.S. Federal Reserve meeting and the Unemployment data. Earnings during the week were also solid and market closed the week with gains. For the [...]

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Red’s Bull Trade Alert: BB&T NYSE:BBT

Shayne Heffernan — Sat, 06 Nov 2010 11:50:01 +0000

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its commercial banking subsidiary, Branch Banking and Trust Company (Branch Bank). Branch Bank has offices in North Carolina, Virginia, Florida, Georgia, Maryland, South Carolina, Alabama, Kentucky, West Virginia, Tennessee, Nevada, Texas, Washington D.C and Indiana. In addition, BB&T’s operations [...]

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Singapore Stock Exchange News, DBS Rallys

Shayne Heffernan — Thu, 04 Nov 2010 19:21:57 +0000

In Singapore the Straits Times Index (STI) closed up 0.61 per cent or 19.69 points to finish at 3,224.97 yesterday. Daily Turnover was $2.07 billion. DBS, the last of the three local banking groups to release its results, saw its stock close 0.71 per cent or 10 cents up at $14.10. Total value of DBS [...]

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Indonesia Hot Stocks in New York, NYSE:IDX, OTC:ARWD, NYSE:TLK

Shayne Heffernan — Thu, 04 Nov 2010 15:24:33 +0000

Market Vectors Indonesia Index (ETF) NYSE:IDX, PT Telekomunikasi Indonesia (ADR) NYSE:TLK, Arrow Resources Development Inc. (OTC:ARWD) Market Vectors Indonesia Index (ETF) NYSE:IDX IDX is pretty well diversified among sectors with large allocations going towards financials (25%) and industrial materials (19.8%). However, the fund has no securities that are engaged in the technology or health care [...]

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LTN Wins Interactive Media Award

Shayne Heffernan — Thu, 04 Nov 2010 11:10:59 +0000

The Live Trading News Website has won the IMA Outstanding Achievement Award in the Financial Information Category. The Interactive Media Awards™ recognize the highest standards of excellence in website design and development and honor individuals and organizations for their outstanding achievement. Created by the Interactive Media Council, Inc. (IMC), a nonprofit organization of leading web [...]

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KKR, Blackstone and Carlyle Attract Cash

Shayne Heffernan — Thu, 04 Nov 2010 10:54:02 +0000

KKR’s fund raising is a sign buyout firms are able to attract new cash, in smaller funds, as the industry rebounds from a two-year drought in deals that left managers with almost half a trillion dollars yet to invest. Blackstone Group LP this year raised $13.5 billion for its sixth buyout fund, 40 percent less [...]

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Singapore Up, Noble, OLAM, NEPS Surge

Shayne Heffernan — Wed, 03 Nov 2010 20:16:36 +0000

In Singapore the shares closed 0.61 per cent higher, with the benchmark Straits Times Index at 3224.97, up 0.61 per cent, or 19.69 points. Ebeling Heffernan Strong Buys, commodity firms Noble Group and Olam International gained over 1.5 percent as investors turned bullish on the commodity sector, driven by expectations they will benefit from traditionally [...]

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Strong buy on UOB Target $26

Shayne Heffernan — Tue, 02 Nov 2010 21:03:35 +0000

Shayne Heffernan of Ebeling Heffernan has issued a strong buy on UOB Bank Singapore with a price target of $26 in 2011. United Overseas Bank Limited (UOB or the Bank) is principally engaged in the business of banking in all its aspects, including the operation of an Asian Currency Unit under the terms and conditions [...]

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Philippine Stock Exchange at Record High

Shayne Heffernan — Tue, 02 Nov 2010 14:29:45 +0000

In Manila the Philippine Stock Exchange index racked up 73 points to close at 4,341.74. The upswing was supported by the holding firms and property firms which went up by 2.8 percent and 2 percent, respectively. All other counters also rose by over 1 percent. There were 86 advancers as against 49 decliners and 34 [...]

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Singapore Surges, Sembcorp Marine, OCBC, Keppel

Shayne Heffernan — Mon, 01 Nov 2010 19:57:36 +0000

In Singapore the STI closed 1.58 per cent higher on Monday, with the benchmark Straits Times Index at 3,192.18, up 1.58 per cent, or 49.56 points. Around 1.8 billion shares exchanged hands. Gainers beat losers 339 to 177. Singapore rig builders outperformed the broader market, as the investors expect Brazilian state oil firm Petrobras to [...]

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Bursa Malaysia rose 0.27%, CIMB, GENTING, SIME

Shayne Heffernan — Mon, 01 Nov 2010 19:47:15 +0000

In Kuala Lumpur the Bursa Malaysia rose 0.27% to close at 1509.66 points on continuous buying interest in selected heavyweights and lower liners, tracking gains in Asian equity markets after China’s manufacturing data showed activity expanded at the fastest pace in six months in October. Most actively traded stocks include KBUNAI, HWGB, CAROTEC, HWGB-WB, DAYA, [...]

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Jakarta has Late Rally, Bumi, Adaro, Indofood

Shayne Heffernan — Mon, 01 Nov 2010 19:29:01 +0000

In Jakarta the JCI gained 9.8 points, 0.3 percent, to close at 3,645.15. About 4.5 billion shares worth Rp 5.1 trillion ($565 million) changed hands. Decliners edged out gainers 109 to 107. The highly anticipated initial public offering of state-owned Krakatau Steel begins today under a cloud, with allegations of corruption surrounding the event and [...]

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Shayne Heffernan on NYSE:BAC, NYSE:FAS, PTTEP, SembCorp

Shayne Heffernan — Sat, 30 Oct 2010 18:57:03 +0000

Hot Stocks, Bank of America NYSE:BAC, Direxion Daily Financial Bull 3X Shs (ETF) Public, NYSE:FAS, Singapore Sembcorp Marine, Thailand PTT Exploration and Production Pcl PTTEP. Direxion Daily Financial Bull 3X Shs (ETF) took the worst hit possible during the financial crisis but, given the very cheap valuations of most of the financial sector FAS represents [...]

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October a Rally for Wall St

Shayne Heffernan — Fri, 29 Oct 2010 20:23:05 +0000

At the close on Wall St Dow Jones 11,118.49 +4.54 (0.04%) S&P 500 1,183.26 -0.52 (-0.04%) Nasdaq 2,507.41 +0.04 (0.00%) The Dow, was up 3.02 percent for the month after Thursday’s close, the biggest October gain since 2006. The S&P, up 3.73 percent for the month, and the Nasdaq, up up 5.9 percent, were both [...]

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ASEAN Market Weekly Summary, CIMB, Genting, Olam, Sembcorp, UOB, PTT

Shayne Heffernan — Fri, 29 Oct 2010 20:13:56 +0000

Another strong week on the ASEAN markets as we see more and more overseas investors coming to the region. A trend unlikely to stop in the near future. Come back to this site on Sunday to see our outlook for the week ahead. The Stock Exchange of Thailand (SET) composite index went down 3.27 points [...]

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ASEAN Market Outlook, PTTEP, AYALA, Arpeni, CIMB

Shayne Heffernan — Thu, 28 Oct 2010 20:08:37 +0000

ASEAN Markets look set for another day of gains and record breaking after Wall St bounced off lows to recover near the close in a show of strength. In Wall St News new claims for unemployment benefits fell unexpectedly in the latest week, and this more encouraging reading on the labor market, along with the [...]

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Thailand Moves Higher, PTT, PTTEP, Banpu, STEC

Shayne Heffernan — Thu, 28 Oct 2010 18:58:43 +0000

SET index closed at 987.23, up 3.27 or 0.33% in trade worth 28.28 million baht on Thursday. Gross domestic product (GDP) growth in the third quarter of the year is projected at 7.4 per cent on the back of the expansion in exports, domestic consumption and private investment, director of Bureau of Macroeconomic Policy at [...]

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Bursa Malaysia Breaks 1500, CIMB, TNB, DiGi

Shayne Heffernan — Thu, 28 Oct 2010 15:11:33 +0000

In Kuala Lumpur, the Bursa Malaysia rose 0.02% to close at 1499.44 after breaking 1500 intraday. The market traded within a range of 6.02 points between an intra-day high of 1501.57 and a low of 1495.55 during the session. Actively traded stocks include KBUNAI, SAAG, HWGB, JOTECH, HWGB-WB, JADI-WA, MKLAND, JADI, CIMB and AXIATA. The [...]

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IPO Boom in Asia

Shayne Heffernan — Thu, 28 Oct 2010 12:51:24 +0000

There is record demand for initial public offerings in Asia, companies from China to Malaysia and India are coming to market with more equity than ever. Heffernan Holdings is expanding operations this month bringing to the team some of Asia’s best and brightest from UOB, Ayudhya and Kasikorn as they set about building and international [...]

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Singapore Lower, Genting and SGX Strong Buys

Shayne Heffernan — Wed, 27 Oct 2010 19:35:50 +0000

In Singapore the market ended 1.2% lower on Wednesday on profit taking ahead of the US Federal Reserve’s key policy meeting, local investors remained sceptical about the extent of any additional stimulus support the central bank could provide. The Straits Times Index (STI) closed 38.13 points lower at 3,124.38. In the broader market, losers outpaced [...]

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JPMorgan Chase (NYSE:JPM) to Buy $6b Hedge FUnd

Shayne Heffernan — Tue, 26 Oct 2010 21:08:00 +0000

JPMorgan Chase (NYSE:JPM) is close to acquiring a US$6B hedge fund run by Brazil’s former central bank chief in a move that will deepen the US financial group’s exposure to fast-growing developing markets JPMorgan is about to sealed a deal to buy a majority in Gavea, a 7 yr old hedge fund co-founded by Arminio [...]

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ASEAN Outlook SGX, OLAM, GENTING, Noble, IVL, PTT, Banpu

Shayne Heffernan — Tue, 26 Oct 2010 20:16:39 +0000

ASEAN Markets should trade a little higher today after a flat day in the region yesterday. Over night on Wall St the market had good and bad news and ended flat. The Dow Jones industrial average shed 1.86 points, or 0.02 per cent, to 11,162.19. The Standard & Poor’s 500 Index slipped 0.99 points, or [...]

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Bursa Malaysia Closes Higher, KLK, Genting, CIMB

Shayne Heffernan — Tue, 26 Oct 2010 19:27:37 +0000

In Kuala Lumpur the Bursa Malaysia rose 0.37% to close at 1496.94 points on Tuesday. Most Activeinclude KBUNAI, IRIS, MUIIND, TIMECOM, AXIATA, PLUS, ETITECH, JOTECH, IRIS-WB and MVEST. Trading volume increased to 1375.01 mil shares worth RM1874.15 mil as compared to Monday’s 1131.13 mil shares worth RM1470.40 mil. The Winners were TNB (+8 sen to [...]

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IPO of US22m from Laugfs Gas Ltd, Sri Lanka

Shayne Heffernan — Tue, 26 Oct 2010 17:47:23 +0000

A premier energy company in Sri Lanka Laugfs Gas Limited expects to raise USD22million for its expansions and investments in the emerging opportunities from the post war era. Laugfs gas Limited is the only competitor for Shell Gas within Sri Lanka whilst it enjoys a market share of 28% in the overall market Gas segment [...]

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Paul Ebeling Wall St Technical Analysis, BIDU, AEMC, DIS

Shayne Heffernan — Mon, 25 Oct 2010 13:48:03 +0000

Red’s Bull Technical Alert: The S&P 500 sent a Bull Trading Signal as the index’s 50 Day Moving Average crossed above its 200 Day Moving Average, known as a “Golden Cross.” That upward momentum indicator last occurred in June 2009, and the Benchmark index rose more than 35% in the following 10 months. US Stocks [...]

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India Buys Africa

Shayne Heffernan — Mon, 25 Oct 2010 08:34:05 +0000

Indian companies acquired or invested in at least 79 companies in Africa, chasing business in less crowded markets after growing in a home economy that expanded by an average 8.5 percent since April 2005. Africa’s gross domestic product expanded 4.9 percent a year from 2000 to 2008, McKinsey & Co. said in a June report. [...]

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USD Falls Commodities Rally

Shayne Heffernan — Mon, 25 Oct 2010 08:22:55 +0000

The U.S. dollar index, a gauge of its performance against a trade-weighted basket of currencies, fell 0.3 percent =USD to 76.99 after two straight days of gains. Significant support for the index lies at 76.00, a move below which would likely accelerate selling of the U.S. currency. Investors were essentially putting back on bets against [...]

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Singapore Sparks ASX Rally

Shayne Heffernan — Mon, 25 Oct 2010 08:06:51 +0000

Australian Securities Exchange, has agreed to a $8.4 billion takeover offer, or $48 a share, by the Singapore Exchange. The news led to a strong rally on the ASX. ASX shares traded last at $34.96 before entering a trading halt on Friday, but when it resumed trading on Monday afternoon following the announcement, shares soared [...]

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Weekly Report on Gold, Silver, Base Metals and Crude Oil

Shayne Heffernan — Sun, 24 Oct 2010 15:54:37 +0000

The Macro-economic developments dominated the Commodity Market last week. Treasury Secretary Timothy Geithner reiterated the US’s ‘Strong Dollar’ policy, and People’s Bank of China raised both the savings deposit rate and lending rates by +25 bps. Both moves pressured commodities,and prices were choppy throughout the week as speculations for QE-2 remained but some players worried [...]

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Neptune Orient Lines Singapore Strong Buy Target $4.20

Shayne Heffernan — Sun, 24 Oct 2010 13:46:04 +0000

Ebeling Heffernan has issued a strong buy on Neptune Orient Lines with a 2011 price target of SGD$4.20. Neptune Orient Lines Limited (NOL) is an investment holding company. The Company is engaged in the ownership and charter of shipping vessels, as well as participation in ventures related to these activities and the principal activities of [...]

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After the Bell, BIDU, AXP, VZ, GOOG

Shayne Heffernan — Fri, 22 Oct 2010 21:51:40 +0000

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Wall St Heads to Asia

Shayne Heffernan — Fri, 22 Oct 2010 17:11:25 +0000

Goldman Sachs has doubled the size of its financial institutions group in Asia this year, and hired Bernard Teo from Nomura in August as a managing director, a person with knowledge of the matter said. Fred Hu and Kenneth Wong, former managing directors at Goldman Sachs who advised financial institutions, left this year to work [...]

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SGX launches A$6B bid for ASX

Shayne Heffernan — Fri, 22 Oct 2010 14:04:19 +0000

SGX (SES:S68) the Singapore exchange, is launching a takeover offer of more than A$6B (US$5.8B) for its Australian counterpart, ASX (ASX:ASX), as early as Monday in a deal that would combine 2 of Asia’s biggest exchange operators. Shares in SGX and ASX were suspended from trading Friday afternoon, with the Australian Group adding it was [...]

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ASEAN Markets, Genting, PTT, Sembcorp, Olam, Bumi, IVL, PTTEP

Shayne Heffernan — Thu, 21 Oct 2010 21:14:00 +0000

Another strong night on Wall St will see more gains in the ASEAN markets today. The Dow Jones industrial average gained 38.60 points, or 0.35 per cent, to 11,146.57. The Standard & Poor’s 500 Index gained 2.09 points, or 0.18 per cent, to 1180.26. The Nasdaq Composite Index gained 2.28 points, or 0.09 per cent, [...]

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PTT Exploration and Production Pcl PTTEP Strong Buy

Shayne Heffernan — Thu, 21 Oct 2010 09:37:32 +0000

Shayne Heffernan of Ebeling Heffernan has issued a strong buy on PTT Exploration and Production Pcl PTTEP with a 310Baht price target in 2011 the stock is trading at 170Baht today. PTT Exploration and Production Public Company Limited is a Thailand-based company engaged in the exploration, extraction, production and development of petroleum products. It produces [...]

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The ASX and AUD

Shayne Heffernan — Thu, 21 Oct 2010 09:17:21 +0000

The ASX closed flat today, early gains reversed when China released growth numbers. China’s economy grew 9.6 per cent in the third quarter, the smallest gain in a year, as inflation accelerated in September to the fastest pace in 23 months. The news put pressure on shares from which the market didn’t recover. The Australian [...]

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Mid-week Gold, Silver and Crude Oil Report

Shayne Heffernan — Thu, 21 Oct 2010 08:54:33 +0000

Gold ETF’s Investment still Strong, Silver Too Investment in precious metal ETFs remained strong last week and demand for PGMs outperformed that for Gold and Silver. Several factors on the Global economic front continued to support precious metals: Fed’s return to QE as in QE-2, the tendency of advanced economies to keep interest rates low, [...]

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Wall St Posts Strong Gains

Shayne Heffernan — Wed, 20 Oct 2010 20:23:51 +0000

The Dow Jones industrial average gained 157.50 points, or 1.43 per cent, to 11,136.12. The Standard & Poor’s 500 Index rose 15.33 points, or 1.31 per cent, to 1181.23. The Nasdaq Composite Index added 28.59 points, or 1.17 per cent, to 2465.54. Equities and the greenback have had an inverse relationship lately, with the weaker [...]

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ASEAN Markets to Rally, PTT, IVL, Sembcorp, PLDT, Genting

Shayne Heffernan — Wed, 20 Oct 2010 20:14:33 +0000

Asean markets are in for another rally today and the best stock to own are PTT, IVL, Sembcorp, PLDT, Genting. Earnings and Outlook lifted the Wall St Session over night. Dow Jones 11,107.97 +129.35 (1.18%) S&P 500 1,178.17 +12.27 (1.05%) Nasdaq 2,457.39 +20.44 (0.84%) Energy stocks will see the bestof the gains in the morning [...]

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US Banks a Strong Buy

Shayne Heffernan — Wed, 20 Oct 2010 14:52:25 +0000

The pickup in borrowing is a boost to the banks, which have struggled even as losses on bad loans eased this year because consumers and businesses still spooked by the financial crisis were choosing to hoard cash rather than borrow. San Francisco-based Wells Fargo said it saw a pickup in auto and student lending, as [...]

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ASEAN Markets Will Open Lower

Shayne Heffernan — Tue, 19 Oct 2010 20:30:23 +0000

ASEAN Markets will suffer a sharp decline at open after a series of bad events on Wall St, a surging dollar and a mortgage foreclosure crisis sparked by the Obama Administration, who managed to yet again undermine the rights of private enterprize for the sake of votes. The Dow Jones industrial average was down 165.14 [...]

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Earnings News Today BAC, JNJ, SST

Shayne Heffernan — Tue, 19 Oct 2010 14:54:52 +0000

NYSE:BAC BofA joined JPMorgan Chase & Co and Citigroup Inc in besting analysts’ projections for the third quarter. Goldman Sachs Group Inc , the dominant U.S. investment bank, also posted better-than-expected results on Tuesday. The BofA results came one day after the bank said it would partially lift a nationwide foreclosure halt begun October 9 [...]

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ASX Drifts on Profit Taking

Shayne Heffernan — Tue, 19 Oct 2010 07:37:04 +0000

The ASX closed up 3.8 points, or 0.1 per cent, at 4655.7, while the broader All Ordinaries index gained 3.9 points, or 0.1 per cent, to 4727.1. Shares in Oz Minerals lost early gains of 3 per cent, ending down 0.3 per cent at $1.59. The miner reported a dip in quarterly production but analysts [...]

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After the Bell, NYSE:C, NYSE:BAC, NYSE:JPM

Shayne Heffernan — Tue, 19 Oct 2010 07:01:04 +0000

Red’s Bull Alert: Before the close on Monday, around 10% of S&P 500 companies had reported earnings, with 84% of those beating expectations. US Stocks extend the Rally as Citigroup boosts financials. US stocks rose Monday on stronger-than-expected profit from Citigroup (NYSE:C) helped financial shares shake off media hyped worries that foreclosures could threaten the [...]

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South Korea’s central bank sets stricter rules

Shayne Heffernan — Mon, 18 Oct 2010 20:41:25 +0000

South Korea’s central bank sets stricter rules on speculative foreign capital South Korea’s central bank Monday vowed to strengthen regulation on foreign capital inflows coming into the local market with speculative purposes amid the stronger Won. BOK Gov. Kim Choong-soo, attending the annual parliamentary audit, told lawmakers that high volatility in the capital market as [...]

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Citigroup NYSE:C Beats Estimates Rallys in Premarket

Shayne Heffernan — Mon, 18 Oct 2010 12:39:09 +0000

The third-largest bank by assets swung to a third-quarter profit of $2.2 billion, or 7 cents per share, from a year-earlier loss to shareholders of $3.2 billion, or 27 cents per share. On an ongoing basis, excluding an $800 million pre-tax loss on the sale of its student lending operations, Citigroup earned $2.6 billion, or [...]

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This Week in ASEAN Stocks, OLAM, PTT, Genting

Shayne Heffernan — Sun, 17 Oct 2010 15:53:42 +0000

ASEAN Exchanges are at all time highs and this week will see them focused on Wall St News and the Currency War between the USA and China. If you are buying in ASEAN this week stick to quality stocks that still have room for growth. ASEAN Best Buys PTT, PTT PTT Plc, Thailand’s largest oil [...]

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Corporate Finance Asia

Shayne Heffernan — Sun, 17 Oct 2010 09:34:15 +0000

Ebeling Heffernan is fast becoming one of the leading firms in the U.S. and international securities markets, participating in varied public offerings and private placements. Our clients include all categories of market participants: issuers, underwriters, broker-dealers, investment advisors and investors. Our Asian Markets and Corporate Finance group leverages the company’s depth in the financial services [...]

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Heffernan Holdings and Buzz Technologies Inc OTC:BZTG

Shayne Heffernan — Sun, 17 Oct 2010 09:21:04 +0000

Heffernan Holdings will be trading on the Nasdaq OTC and the company is happy to report there have been no changes to the business or corporate plans. BZTG shareholders will take on a Heffernan Holdings stock on a 1 for 1 basis, the company will then plan on moving to another OTC market prior to [...]

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Merger and Acquisition Advisory

Shayne Heffernan — Sun, 17 Oct 2010 08:36:23 +0000

Ebeling Heffernan takes an integrated, full-service approach to M&A transactions, assembling a team of tax, environmental, antitrust, real estate, regulatory, labor and employment, employee benefits, finance, government contracts, insolvency, intellectual property and other lawyers, as needed, working collaboratively to structure and execute deals. By combining technical capabilities with an understanding of our clients’ strategic goals [...]

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Goldman Sachs NYSE:GS and ASEAN Affairs

Shayne Heffernan — Sat, 16 Oct 2010 15:11:30 +0000

Goldman Sachs NYSE:GS Foreword We need a cure for.. When the USA sneezes, the world gets pneumonia By Swarup Roy, Founder & Chairman, Asean Affairs The Anonymous American, a five- part article series appeared in Asean Affairs global magazine editions Nov/Dec 2009, Jan/Feb 2010, Mar/Apr 2010, May/June 2010 and July/Aug 2010. The [...]

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US Dollar falls hits lowest level of the year

Shayne Heffernan — Thu, 14 Oct 2010 20:02:13 +0000

The “Greenback” sank against most major currencies Thursday, prompting warnings that the weakness of the World’s reserve currency could destabilise the Global economy and push other countries into retaliatory devaluations to underwrite their exports. Increasing speculations the US Federal Reserve will pump more money into the US economy next month under a policy known as [...]

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JPM Beats the Street

Shayne Heffernan — Wed, 13 Oct 2010 14:51:51 +0000

Third-quarter net income climbed to $4.42 billion, or $1.01 a share, from $3.59 billion, or 82 cents, in the same period a year earlier, the New York-based company said today in a statement. Twenty-two analysts surveyed by Bloomberg estimated adjusted earnings of 88 cents a share. Profit margins at JPMorgan, the first of the largest [...]

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K-REIT ASIA and Keppel Corp in $1b Asset Swap

Shayne Heffernan — Tue, 12 Oct 2010 16:56:33 +0000

Singapore listed K-REIT ASIA has signed a $S1.4 billion ($1.08 billion) asset swap with its manager, Keppel Corporation, that gives the real estate trust a third of stage one of Marina Bay Financial Centre. The listed trust is managed by Keppel Corp, one of of the $4 billion Marina Bay project’s three developers. The other [...]

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Thailand to Continue Rapid Growth

Shayne Heffernan — Tue, 12 Oct 2010 07:45:28 +0000

Thailand, Southeast Asia’s biggest economy after Indonesia, had its best two consecutive quarters of growth since 1995 in the first half. The finance ministry on Sept. 27 raised its 2010 forecast for the third time in six months, to as much as 7.8 percent from a June estimate of 6 percent. That would be the [...]

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Ireland changes direction in talks on bank senior debt

Shayne Heffernan — Tue, 12 Oct 2010 06:33:03 +0000

Ireland has opened the door to a re-negotiation with senior bondholders of its two nationalized banks despite previously opposing any such move for fear of drawing the wrath of creditors around the World. Brian Lenihan, Ireland’s finance minister, told the Financial Times while on a road show in New York that he still opposed senior [...]

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GE focused on Energy and Finance

Shayne Heffernan — Wed, 06 Oct 2010 17:15:14 +0000

Ebeling Heffernan Strong Buy General Electric Co (NYSE:GE) made a 2 major acquisitions this week and said it was spurned in a third attempt, as the largest U.S. conglomerate builds up its energy and finance arms. The moves come at a time when top GE officials have said the company could have up to $30 [...]

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Managing Mergers and Acquisitions in Asia

Shayne Heffernan — Wed, 06 Oct 2010 07:21:37 +0000

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Ebeling Heffernan Strong Buy on Kohlberg Kravis Roberts & Co NYSE:KKR

Shayne Heffernan — Wed, 06 Oct 2010 04:39:22 +0000

Shayne Heffernan of Ebeling Heffernan has issued a strong buy on Kohlberg Kravis Roberts & Co NYSE:KKR with a 2011 prce target of $21.50. KKR & Co. L.P. (NYSE:KKR) has the 3rd highest cash flow per share in this segment of the market. Its cash flow was $42.13 per share for the last 12 months. [...]

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Former SocGen trader Kerviel sentenced for fraud

Shayne Heffernan — Tue, 05 Oct 2010 11:46:58 +0000

Paris criminal court convicted Tuesday the former trader Jerome Kerviel, who caused 4.9B Euros (US$6.7B) loss to former employer French bank Society Generale, guilty of breach of trust, forgery and entering false data into computers. Kerviel admitted his sneaking performance but insisted his supervisors knew what he was doing and neglected until the exposure amount [...]

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TMB wants to double Thai market share

Shayne Heffernan — Fri, 08 Jan 2010 17:52:46 +0000

BANGKOK, Jan 8 – Thailand’s TMB Bank PCL , after reorganising under 30 percent shareholder ING Group , wants to more than double its market share in the next five years and is bullish about profit growth in 2010. The bank, Thailand’s sixth-largest with 538 billion baht ($16.2 billion) in assets and 324 billion baht [...]

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Goldman Sachs’s Cohen Upbeat on Market Outlook

Shayne Heffernan — Mon, 17 Aug 2009 14:42:11 +0000

“Clearly the economy is on the mend,” Abby Joseph Cohen, a senior investment strategist at Goldman Sachs Group Inc. said in an interview with Bloomberg Radio. “We do think that profit growth will be more substantial going forward.” “The bottom line looks pretty good,” she said. “The companies that are still in business are showing that [...]

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