Live Trading News » Asia

ASEAN Stock Exchange Preview

Shayne Heffernan — Thu, 16 May 2013 20:15:36 +0000

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +10.75 points higher or +0.31% higher to 3,452.28, taking the year-to-date performance to +9.01%. The FTSE ST Mid Cap Index declined -0.22% while the FTSE ST Small Cap Index gained +0.07%. The top active stocks were Singtel (+0.25%), DBS (-0.58%), GLP (+2.08%), THBev [...]

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Japan In Doubt Over Currency Move

Paul A Ebeling Jr — Thu, 16 May 2013 17:32:14 +0000

Japan In Doubt Over Currency Move BOJ Discussing Potential Impact of Rise in Long-Term Rates Amid concern over a sudden rise in long-term interest rates, the Bank of Japan will discuss the related risks and potential effect on its 2% inflation target at its 2-day policy meeting next week, The Nikkei reported in its Friday [...]

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Japan Targets China, ASEAN in Currency War

Shayne Heffernan — Thu, 16 May 2013 09:33:11 +0000

Japan Targets China, ASEAN in Currency War The depreciation in the Japanese yen has greatly affected China’s exports to the country, although Japan’s quantitative easing measures are conducive to its domestic market recovery, the Ministry of Commerce said on Thursday. China’s currency the yuan strengthened 6.1 percent against the yen in April, while China’s exports [...]

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Indonesia to simplify business license for the Crude Oil, Nat Gas sector

Paul A Ebeling Jr — Thu, 16 May 2013 08:52:49 +0000

Indonesia to simplify business license for the Crude Oil, Nat Gas sector Indonesian President Susilo Bambang Yudhoyono said Wednesday that the government would simplify licensing for investment on oil and gas sector, in a bid to attract investment. President Yudhoyono said that the number of license for exploration and production that had to be owned [...]

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Vietnam targets to earn US$40-B from electronics exports by 2017

Paul A Ebeling Jr — Thu, 16 May 2013 08:51:11 +0000

Vietnam targets to earn US$40-B from electronics exports by 2017 SSNLF Vietnam set a target to earn US$40-B from electronics exports by Y 2017, over nearly US$20-B from Y 2012. The remarks were made by Vietnamese Deputy Prime Minister Nguyen Thien Nhan at the 18th Annual World Electronics Forum (WEF) in capital Hanoi, which drew [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Wed, 15 May 2013 20:04:47 +0000

ASEAN Stock Exchange Preview Indonesia Bumi Serpong Damai, an Indonesian property company based in Jakarta, plans to raise as much as Rp 175 billion ($18 million) from the sale of shares in a rights offering this year. The property company plans to sell its 1.75 billion new shares in a limited public offering at a [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Tue, 14 May 2013 20:03:24 +0000

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +3.80 points higher or +0.11% higher to 3,432.76, taking the year-to-date performance to +8.39%. The FTSE ST Mid Cap Index gained +0.25% while the FTSE ST Small Cap Index gained +0.08%. The top active stocks were GoldenAgri (+5.66%), Singtel (+1.79%), DBS (-0.06%), THBev [...]

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Australia Economy Suffers from Wayne Swan

Shayne Heffernan — Tue, 14 May 2013 19:49:03 +0000

Australia Economy Suffers from Wayne Swan Wayne Swan, Australia’s worst ever treasurer has managed to leave Australia worse off then he started, despite a mining boom and potential riches, Mr Swan’s anti business, xenophobic policies kept the country going backwards. Although the Global economy is in some serious doubt there was room over the past [...]

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Thailand CPN Global Expands to Malaysia

Shayne Heffernan — Tue, 14 May 2013 19:40:50 +0000

I-Bhd and Thai mall specialist CPN Global Company Ltd have entered into a joint venture to build a 1.5 million sq ft mall in I-Bhd’s flagship development i-City with a gross development value of RM580mil. I-Bhd would have a 40% stake via i-City Properties Sdn Bhd (ICP) in the joint venture while CPN would have [...]

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Scomi Group Bhd Upgraded

Shayne Heffernan — Tue, 14 May 2013 19:34:42 +0000

Scomi Group Bhd Upgraded Oil and gas services provider Scomi Group Bhd has secured a contract worth RM98.5mil from Dragon Oil (Turkmenistan) Ltd for the provision of drilling and completion fluids services in Turkmenistan. “This win is certainly testimony of the quality of our products and services to our client. Our drilling and completion fluid [...]

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Iskandar Real Estate News

Shayne Heffernan — Tue, 14 May 2013 19:32:00 +0000

Iskandar Real Estate News MMC Corp Bhd plans to further unlock the value of the company’s massive landbank, in excess of 4,500 acres located in Iskandar Malaysia, by strategically developing the land for industrial customers. Group managing director Datuk Hasni Harun revealed that the company, via subsidiaries, has two large pieces of land in Johor [...]

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MOLPoints Come to Indonesia

Shayne Heffernan — Tue, 14 May 2013 19:27:10 +0000

MOLPoints Come to Indonesia MOL Global Pte Ltd’s Indonesia unit has teamed up with retailer PT Sumber Alfaria Trijaya Tbk to sell MOLPoints online to reach out to Indonesia’s 15 million avid online gamers. MOL said on Tuesday its game vouchers would be available through Sumber Alfaria’s Alfamart and Alfamidi outlets in Indonesia. For MOL, [...]

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AUD Appears Fragile Ahead of Budget

Paul A Ebeling Jr — Tue, 14 May 2013 07:41:13 +0000

AUD Appears Fragile Ahead of Budget The Australian Dollar traded just below parity with the USD Tuesday ahead of the government’s 2013-14 budget which is expected to confirm a sharp deterioration in finances. The Australian Dollar was trading at US$0.9986–down from US$0.9994 late Monday. It traded at a fresh 11-month low in New York of [...]

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ASEAN Stock Preview

Shayne Heffernan — Mon, 13 May 2013 20:09:03 +0000

ASEAN Stock Preview Singapore The FTSE Straits Times Index (STI) ended -14.81 points lower or -0.43% lower to 3,428.96, taking the year-to-date performance to +8.27%. The FTSE ST Mid Cap Index gained +0.21% while the FTSE ST Small Cap Index declined -0.40%. The top active stocks were THBEV (+3.97%), Croesus RTr (-4.80%), Kep REIT (+4.70%), [...]

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Melting Ice Cap Draws China, Japan to Explore for Arctic Riches

Paul A Ebeling Jr — Mon, 13 May 2013 19:40:55 +0000

Melting Ice Cap Draws China, Japan to Explore for Arctic Riches OGZPY Japan, China and South Korea are looking to expand their influence in the Arctic as melting ice offers potentially lucrative access to resources and shipping shortcuts in the region. Asia’s biggest economies are among 14 applicants seeking observer status on the 8-nation Arctic [...]

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Big Three US Auto Co’s Dump Japan

Shayne Heffernan — Mon, 13 May 2013 11:07:47 +0000

Dozens of car, truck and motorcycle makers will be in attendance at the Tokyo Motor Show later this year, organisers said Monday, but the Big Three US automakers will be skipping it again. The 43rd edition of the event, which is held every two years, is scheduled for November 22 to December 1. General Motors, [...]

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ASEAN Market Preview

Shayne Heffernan — Sun, 12 May 2013 18:47:19 +0000

ASEAN Market Preview Malaysia The Strategic Investors’ Association of Malays Malaysia aims to increase liquidity in the stock market by organising the first Malaysia Investment and Stocks Exchange Expo (MISEE). President Norizam Tukiman expects investments to start trickling in following the association’s initiative to encourage active trading on Bursa Malaysia. Post-general election (GE), he expects [...]

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FDI to Philippines double to US$456-M in February

Paul A Ebeling Jr — Sun, 12 May 2013 10:53:05 +0000

FDI to Philippines double to US$456-M in February Foreign direct investments (FDI) to the Philippines more than doubled in last February to US$436-M, up 127.1% from US$192-M in February 2012, Bangko Sentral ng Pilipinas (BSP), the central bank, reported on Friday. This brought the tally of the 1st 2 months of Y 2013 to over [...]

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Australian Dollar Falls Below $1.00

Paul A Ebeling Jr — Fri, 10 May 2013 17:42:24 +0000

Australian Dollar Falls Below $1.00 The Australian dollar plunged to its lowest level in more than 10 months on concern about the outlook for the country’s economy. The fall Friday extended the Australian dollar’s 3.2% fall against the USD over the past week, outpacing even the fall seen in the Japanese Yen, which slipped below [...]

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AUD/USD to Test Parity

Shayne Heffernan — Fri, 10 May 2013 13:20:01 +0000

AUD/USD to Test Parity AUD/USD intraday: the downside prevails. Pivot: 1.0095 Our preference: Short positions below 1.0095 with targets @ 0.997 & 0.992 in extension. Alternative scenario: Above 1.0095 look for further upside with 1.015 & 1.0195 as targets. Comment: the break below 1.0095 is a negative signal that has opened a path to 0.997. [...]

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Change Your Life, Become a Professional Trader

Shayne Heffernan — Fri, 10 May 2013 10:55:53 +0000

Change Your Life, Become a Professional Trader Live on the beach, travel where ever you want, never have to worry about reporting in to the office, more than a dream it is a reality for many. While I am involved on a variety of business activities there is only one that delivers freedom of choice [...]

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South Korea’s IT exports rise for 8 months on demand from emerging economies

Paul A Ebeling Jr — Fri, 10 May 2013 10:38:46 +0000

South Korea’s IT exports rise for 8 months on demand from emerging economies South Korea’s information technology ( IT) product exports rose for 8 months running in April due to strong demand from emerging economies, a government report showed Thursday. Exports in the tech industry increased 17.5%t from a year earlier to US$14.13-B in April, [...]

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Japan Drunk With Cash

Paul A Ebeling Jr — Fri, 10 May 2013 10:23:45 +0000

Japan Drunk With Cash Official figures released Friday showed bank lending rose 2.1% in April from a year earlier, the largest percentage gain since July 2009. Separate data showed the country’s current account, the broadest measure of trade with the rest of the world, stood at JPY1.25-T ($12.4-B) in March before seasonal adjustment. The robust [...]

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Malaysia maintains interest rate at 3%

Paul A Ebeling Jr — Fri, 10 May 2013 10:03:48 +0000

Malaysia maintains interest rate at 3% Malaysian central bank decided to keep the interest rate at 3% Thursday, saying the current stance of monetary policy is “appropriate given the outlook for inflation and growth.” The Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at 3%, the central bank said in a [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Thu, 09 May 2013 19:32:36 +0000

ASEAN Stock Exchange Preview Singapore The FTSE Straits Times Index (STI) ended +19.76 points higher or +0.58% higher to 3,432.78, taking the year-to-date performance to +8.39%. The FTSE ST Mid Cap Index gained +0.31% while the FTSE ST Small Cap Index gained +0.28%. The top active stocks were DBS (unchanged), Kep Corp (+1.14%), Singtel (+2.08%), [...]

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AUD/USD Improving

Shayne Heffernan — Thu, 09 May 2013 08:10:02 +0000

AUD/USD intraday: the upside prevails. Pivot: 1.019 Our preference: Long positions above 1.019 with targets @ 1.0255 & 1.029 in extension. Alternative scenario: Below 1.019 look for further downside with 1.015 & 1.011 as targets. Comment: the next resistances are at 1.0255 and then at 1.029. Opinion published is an intraday view. Green Lines Represent [...]

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USD/JPY Begins Reverse

Shayne Heffernan — Thu, 09 May 2013 08:08:44 +0000

USD/JPY Begins Reverse USD/JPY intraday: capped by a negative trend line. Pivot: 99.10. Our preference: SHORT positions below 99.1 with 98.6 & 98.4 as next targets. Alternative scenario: The upside penetration of 99.1 will call for 99.5 & 99.75. Comment: the pair is capped by a declining trend line and is challenging its support. Opinion [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Wed, 08 May 2013 20:02:23 +0000

Thailand Tevin Vongvanich, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), revealed that the company’s investment feasibility study has been underway in Papua New Guinea. He stated that the plan was conceived to help Thailand achieve energy security in the future when local demand is expected to surpass domestic [...]

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Thailand Red Shirt protests, seeking removal of charter court judges

Paul A Ebeling Jr — Wed, 08 May 2013 19:52:00 +0000

Thai Red Shirt protests, seeking removal of charter court judges Pro-government “Red-shirt” protesters Wednesday demonstrated in front of the parliament and the Constitutional Court as they demanded the removal of charter court judges. A few thousands of protesters led by the Radio Broadcasters for Democracy, a faction of the anti-establishment and pro-government red-shirt movement, demonstrated [...]

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AirAsia X IPO

Shayne Heffernan — Wed, 08 May 2013 19:46:24 +0000

AirAsia X IPO AirAsia X said the total IPO offering will involve up to 790.12 million shares of 15 sen each comprising of 538.01 million shares for institutions and 252.11 million shares for retail investors. The institutional offering of up to 538.01 million shares would comprise of up to 197.53 million offer shares and 79.74 [...]

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Asia FX Peso and Baht Rally

Shayne Heffernan — Wed, 08 May 2013 19:39:27 +0000

In the Philippines the peso inched up on Wednesday as reports of growing Chinese exports and imports lifted outlook on emerging economies. The local currency closed at 40.835 against the US dollar, up by 3.5 centavos from Tuesday’s finish of 40.87:$1. Intraday high hit 40.81:$1, while intraday low settled at 40.86:$. Volume of trade amounted [...]

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Malaysia: 50,000 Rally Against Illegal Voters, Bogus Ballots

Shayne Heffernan — Wed, 08 May 2013 18:28:35 +0000

Malaysia: 50,000 Rally Against Illegal Voters, Bogus Ballots Opposition leader Anwar Ibrahim’s three-party alliance believes the National Front coalition used illegal voters, bogus ballots and other irregularities in May 5 national polls to extend its 56 years of rule. Prime Minister Najib Razak has rejected the accusations and maintained that the elections were free and [...]

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Korean Won to Fall as South Korea Maintains Currency War

Paul A Ebeling Jr — Wed, 08 May 2013 14:14:19 +0000

Korean Won to Fall as South Korea Maintains Currency War South Korea’s money supply has continued to grow due to the central bank’s accommodative monetary policy, data showed Wednesday. The country’s M2, or broad money, rose 0.5% from a month earlier to a seasonally-adjusted 1,862.1-T Won (US$1.71-T) in March after increasing 0.7 percent in the [...]

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Luxembourg banks pin hope on emerging East

Shayne Heffernan — Wed, 08 May 2013 11:43:10 +0000

Luxembourg banks pin hope on emerging East Amid growing pressure from neighboring European partners and the United States, Luxembourg as a financial center aims to cash in on growing trade relations between the Gulf Arab region and the Far East, Luxembourg’s Minister of Finance Luc Frieden said Monday. Mr. Frieden said that he regarded the [...]

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Newmont’s NYSE:NEM NZ Operation Gets Go Ahead for US$200-M Mine

Paul A Ebeling Jr — Wed, 08 May 2013 11:36:20 +0000

Newmont’s NYSE:NEM NZ Operation Gets Go Ahead for US$200-M Mine Newmont Waihi Gold Ltd., part of Newmont Mining Corp., has been given permission to mine Gold and Silver below a residential area on the east coast of New Zealand’s North Island, a company spokesman confirmed Tuesday. The company spokesman said the company had been granted [...]

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Australia Joins the Currency War

Paul A Ebeling Jr — Tue, 07 May 2013 07:44:38 +0000

Australia Joins the Currency War RBA Cuts Cash Rate to Record Low Australia’s central bank cut interest rates by a quarter of a percentage point to a record low of 2.75%, as a fading mining boom and strong local currency weighs on the resource-rich economy. The Reserve Bank of Australia, or RBA, has now lowered [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Mon, 06 May 2013 19:49:08 +0000

ASEAN Stock Exchange Preview Be selective in ASEAN today, China’s services sector slowed sharply in April to its lowest point since August 2011, a private sector survey showed on Monday – fresh evidence of rising risks to a revival in the world’s No.2 economy. The HSBC services Purchasing Managers’ Index (PMI) fell to 51.1 in [...]

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ASX Hot Stocks: Iluka Resources Limited (ASX:ILU), Medusa Mining Limited (ASX:MML)

Shayne Heffernan — Mon, 06 May 2013 19:30:35 +0000

Iluka Resources Limited (ASX:ILU), Medusa Mining Limited (ASX:MML) If you are trading in Australia here are 2 that are still value. Iluka Resources Limited (ASX:ILU) Iluka Resources Limited is the producer of zircon globally and producer of the titanium dioxide products of rutile and synthetic rutile, with operations in Australia and Virginia, United States. It [...]

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We Offer 4 Funds that are ASEAN focused

Shayne Heffernan — Mon, 06 May 2013 11:44:54 +0000

We Offer 4 Funds that are ASEAN focused Guided by the Asean Economic Community (AEC) blueprint, the ASEAN Exchanges collaboration will jointly promote the development of ASEAN as an asset class, with the intention of increasing liquidity of the member exchanges. This will be achieved through creating ASEAN-centric investment products, implementing targeted promotional initiatives and [...]

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Economic Growth in Indonesia Slows

Shayne Heffernan — Mon, 06 May 2013 09:49:54 +0000

Economic Growth in Indonesia Slows The Central Statistics Agency (BPS) on Monday announced that Indonesia’s economy grew 6.02 percent year on year in the first quarter of 2013, the slowest pace in more than two years. That compares with a 6.11 percent pace reported previously for the fourth quarter of 2012 and the median estimate [...]

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Malaysia Faces a Downgrade

Paul A Ebeling Jr — Mon, 06 May 2013 09:08:44 +0000

Fitch Ratings Want Clarity on Malaysia Policies Fitch Ratings Monday said it is seeking greater clarity on Malaysia’s fiscal and economic policies after the ruling coalition was voted back into power with a comfortable margin. The credit-ratings firm had previously noted rising public debt ratios “may eventually exert negative pressure on the ratings,” said head [...]

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Australia Cuts Economic Growth Forecasts

Paul A Ebeling Jr — Mon, 06 May 2013 09:06:06 +0000

Australia Cuts Economic Growth Forecasts Australia’s treasury department has lowered its growth forecasts for the current fiscal year and next, the Australian Financial Review reported Monday without citing a source. The treasury department has cut its gross domestic product growth outlook by one quarter of a percentage point and now expects growth of 2.75% for [...]

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Jakarta Stock Exchange Preview

Shayne Heffernan — Sun, 05 May 2013 16:10:52 +0000

Jakarta Stock Exchange Preview Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Jakarta Stock Exchange is currently 11.3% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out [...]

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Singapore Stock Exchange Preview

Shayne Heffernan — Sun, 05 May 2013 16:04:33 +0000

Singapore Stock Exchange Preview Shayne Heffernan takes a look at the week ahead in Singapore The FTSE Straits Times Index (STI) ended -32.49 points lower or -0.95% lower to 3,369.90, taking the year-to-date performance to +6.40%. The FTSE ST Mid Cap Index declined -0.54% while the FTSE ST Small Cap Index declined -0.60%. The top [...]

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Stock Exchange of Thailand Preview SSI, Royal Orchid, Furukawa

Shayne Heffernan — Sun, 05 May 2013 15:50:33 +0000

Stock Exchange of Thailand Preview Shayne Heffernan takes a look at trading this week in Thailand. Best Buys SSI, Royal Orchid, Furukawa Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish SET Index is currently 14.9% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared [...]

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Vietnam Index Preview

Shayne Heffernan — Sun, 05 May 2013 15:18:33 +0000

Vietnam Index Preview Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish VN Index is currently 10.8% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .VNI [...]

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Singapore to invest huge resources in water filter research

Paul A Ebeling Jr — Sun, 05 May 2013 08:24:34 +0000

Singapore to invest huge resources in water filter research A research institute at Singapore’ s Nanyang Technological University is expected to invest 132-M Singapore Dollars (US$107-M) in researches in clean water technologies in the next 3 yrs, including the bio-mimetic filter research that aims to copy the kidney in water treatment, a local newspaper reported [...]

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ASEAN equity markets to outperform on slower global growth

Paul A Ebeling Jr — Sat, 04 May 2013 18:12:42 +0000

ASEAN equity markets to outperform on slower global growth HCS, UOB As investors wait for economic data and central bank policy meetings in the Eurozone and the United States, financial research agencies forecast Southeast Asian Bourses to outshine its Asian peers in the coming months despite slower growth in global economy. Within Asia, only the [...]

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ASEAN+3 endorse initiative for infrastructure financing bonds

Shayne Heffernan — Sat, 04 May 2013 18:05:42 +0000

ASEAN+3 endorse initiative for infrastructure financing bonds ASEAN countries, together with China, Japan and South Korea, on Friday endorsed an initiative on “Fostering Infrastructure Financing Bonds Development” in order to boost infrastructure projects in Southeast Asian countries. The finance ministers, central bank governors and senior officials of these countries said the Asian Bond Markets Initiative, [...]

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Sony NYSE:SNE Releases Super Slim Tablet in Hong Kong

Paul A Ebeling Jr — Fri, 03 May 2013 18:06:47 +0000

Sony NYSE:SNE Releases Super Slim Tablet in Hong Kong Sony launched the world’s thinnest tablet, Xperia Tablet Z, on 2 May 2013 in Hong Kong. The tablet features a super slim 6.9 millimeters and weighing only 495 grams, the tablet uses a 1.5GHz quad-core processor. HeffCap Global Dividend Focused CFD Fund, great protection in the [...]

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Thai Trade Expo draws thousands of Cambodian visitors

Paul A Ebeling Jr — Fri, 03 May 2013 08:26:12 +0000

Thai Trade Expo draws thousands of Cambodian visitors Thousands of Cambodian people visited and bought Thai products Thursday at a large scale exhibition although simmering border spat between the two countries remains unsolved. “Even though border dispute is still going on, trade and investment ties between Thailand and Cambodia are still good,” Amparwon Pichalai, deputy [...]

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Australia Signals Military Shift Toward China

Paul A Ebeling Jr — Fri, 03 May 2013 07:54:28 +0000

Australia Signals Military Shift Toward China Australia sent a clear signal yet that it wants to deepen military ties with China, its biggest trading partner, a move that risks straining relations with the US, its long-standing ally in the Pacific. The resource rich country published a security paper Friday that stressed the need to balance [...]

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Myannar President U Thein Sein resigns as ruling party Chairman

Paul A Ebeling Jr — Fri, 03 May 2013 07:22:20 +0000

Myannar President U Thein Sein resigns as ruling party Chairman Myanmar President U Thein Sein has resigned as Chairman of the ruling Union Solidarity and Development Party (UNDP) and his party post was replaced by its vice chairman U Shwe Mann, according to the party’s Union Daily Thursday. In accordance with the Y 2008 constitution, [...]

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Asean Stock Exchange Preview

Shayne Heffernan — Thu, 02 May 2013 19:43:54 +0000

Philippines Philippine Stock Exchange index added 22.43 points, or 0.32 percent, to close at 7,093.42. The index hit an intraday high of 7,108.28—close to the all-time peak of 7,120.48 recorded on April 22—as investors gambled on another credit upgrade. Dealers said the index moved higher close to the end of the session on news that [...]

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Imdex Ltd ASX:IMD Upgraded

Shayne Heffernan — Thu, 02 May 2013 19:19:18 +0000

Imdex Ltd ASX:IMD Upgraded Shayne Heffernan has upgraded Imdex Ltd ASX:IMD to a strong buy with a $7.50 2014 price target. Imdex Limited (Imdex) is an Australia-based company. Imdex is principally engaged in manufacturing, sale and rental of a range of drilling fluids and chemicals and down hole instrumentation. It sells drilling fluids and chemicals, [...]

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USD/JPY To Move Lower

Shayne Heffernan — Thu, 02 May 2013 15:58:18 +0000

USD/JPY To Move Lower Relative Strength Index (RSI) The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 53.93. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was [...]

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HTC SmartPhones Bring Big Earnings

Shayne Heffernan — Thu, 02 May 2013 12:08:50 +0000

Taiwanese smartphone maker HTC said Thursday it expects a sharp rise in second-quarter revenue thanks to a new model, following record quarterly low sales in January-March. First-quarter revenue was Tw$42.8 billion (HK$11.3 billion) and net profit slumped 98.1 percent year-on-year to a record low of Tw$85 million. But chief executive officer Peter Chou forecast that [...]

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ASX, AUD, Copper Hit by Weak Growth

Paul A Ebeling Jr — Thu, 02 May 2013 11:49:40 +0000

ASX, AUD, Copper Hit by Weak Growth AUD, CME Stocks and the Aussie Dollar AUD are under pressure from weak data and the Fed’s statement that said they could ‘increase or reduce’ the pace of its bond buying program which implies we think they recognize that the sweet spot of growth that seemed to pop [...]

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Data Does Not Support Japanese Yen Devaluation

Paul A Ebeling Jr — Thu, 02 May 2013 11:47:35 +0000

Data Does Not Support Japanese Yen Devaluation The Bank of Japan sees that Japanese economy show sign of recovery during the recent period according to the recent improvement economic data, adding to signs that the world’s third largest economy near regaining its power. The Bank of Japan released its board meeting minutes concerning the 3-4 [...]

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Thailand’s role in China-ASEAN relations

Paul A Ebeling Jr — Thu, 02 May 2013 11:45:44 +0000

Thailand’s role in China-ASEAN relations Visiting Chinese Foreign Minster Wang Yi said here Wednesday that Thailand has been playing a ” unique and significant” role in promoting relations between China and the Association of Southeast Asian Nations (ASEAN). During his meeting with Thai Prime Minister Yingluck Shinawatra, Wang said Thailand is an important country in [...]

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ASEAN: Myanmar wants 3-M tourists by Y 2015

Paul A Ebeling Jr — Thu, 02 May 2013 11:36:46 +0000

ASEAN: Myanmar wants 3-M tourists by Y 2015 Myanmar targeted the number of tourist arrival to 3-M by Y 2015, a near triple of the Y 2012 figure, official media reported Wednesday. In meeting with Norwegian Ambassador to Myanmar Katja Nordgaard in Nay Pyi Taw on Tuesday, Htay Aung elaborated on progress in drafting Tourism [...]

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Miss Grand Thailand May 7 in Bangkok

Shayne Heffernan — Wed, 01 May 2013 17:13:32 +0000

Miss Grand Thailand May 7 in Bangkok Centara Grand Miss Grand Thailand 2013: Promoting World Peace Miss Grand Thailand 2013, part of the new Miss Grand International was the centre of attention in Thailand this week. The contestants, Thailand’s most beautiful young women were at Sofitel So Bangkok, the stunning Christian Lacroix designed amenities were [...]

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South Korea Inflation Slows in April

Paul A Ebeling Jr — Wed, 01 May 2013 10:59:14 +0000

South Korea Inflation Slows in April South Korea’s consumer inflation in April slowed modestly on the year to remain at the subdued 1% level–well below the central bank’s target band–for a 6 month, government data showed Wednesday. The consumer price index rose 1.2% on the year in April, slower than a 1.3% increase in March, [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Tue, 30 Apr 2013 20:16:23 +0000

Singapore The FTSE Straits Times Index (STI) ended +6.26 points higher or +0.19% higher to 3,368.18, taking the year-to-date performance to +6.35%. The FTSE ST Mid Cap Index declined -0.04% while the FTSE ST Small Cap Index declined -0.02%. The top active stocks were Singtel (+2.34%), DBS (+2.45%), Kep Corp (+0.19%), OCBC Bk (-0.64%), and [...]

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Forge Group Ltd ASX:FGE Upgraded

Shayne Heffernan — Tue, 30 Apr 2013 20:01:41 +0000

Forge Group Ltd ASX:FGE Upgraded Headquartered in Perth, Western Australia, Forge Group Limited (ASX: FGE) is a multidisciplinary Engineering, Procurement and Construction (EPC) service provider delivering end-to-end EPC turnkey solutions to the power and infrastructure, minerals and resources, and oil and gas sectors in Australasia and Africa. With an experienced workforce of more than 1,700, [...]

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PT Bank BJB Tbk Undervalued

Shayne Heffernan — Tue, 30 Apr 2013 19:48:10 +0000

PT Bank BJB Tbk Undervalued PT Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk (the Bank) is an Indonesia-based financial institution engaged in general banking industry. The Bank offers various products and services, including treasury, cash remittance services, trade financing, current account, savings account, safe deposit box, credit card and sharia-compliant financial products. HeffCap Global [...]

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Samsung’s PINK:SSNLF new Galaxy S4 is cool but not sturdy, the Galaxy S4 is easy to break

Paul A Ebeling Jr — Tue, 30 Apr 2013 18:52:24 +0000

Samsung’s PINK:SSNLF new Galaxy S4 is cool but not sturdy, the Galaxy S4 is easy to break GOOG A high-end SmartPhone can cost the consumer as much as $200 when attached to a 2-yr subscription plan. That large out-of-pocket cost comes with a few expectations. Among these are that it operates on 4G networks and [...]

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Investing in ASEAN

Shayne Heffernan — Tue, 30 Apr 2013 14:44:08 +0000

We Offer 4 Funds that are ASEAN focused. Guided by the Asean Economic Community (AEC) blueprint, the ASEAN Exchanges collaboration will jointly promote the development of ASEAN as an asset class, with the intention of increasing liquidity of the member exchanges. This will be achieved through creating ASEAN-centric investment products, implementing targeted promotional initiatives and [...]

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Cambodia trade with Thailand down 2.3% in Q-1

Paul A Ebeling Jr — Tue, 30 Apr 2013 12:52:03 +0000

Cambodia’s trade with Thailand down 2.3% in Q-1 Bi-lateral trade between Cambodia and Thailand went down by 2.3% during Q-1 of this year, according to the statistics released by Thai Embassy in Phnom Penh on Monday. Officials said the drop was due to”Thai baht appreciation, not ongoing border conflict”between the two nations. HeffCap Global Dividend [...]

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Debt to Slow Growth in South Korea

Shayne Heffernan — Tue, 30 Apr 2013 11:12:37 +0000

Debt to Slow Growth in South Korea Debt ratio among South Korea’s 295 public agencies topped 200 percent last year, boosting worries about over-indebtedness among the state-run agencies, finance ministry data showed Tuesday. The debt-to-equity ratio for public agencies averaged 207.5 percent as of the end of 2012, up from 193.7 percent in the prior [...]

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Shayne Heffernan: How to Develop an Inflation Hedge 2013

Shayne Heffernan — Sun, 28 Apr 2013 12:01:23 +0000

Shayne Heffernan: How to Develop an Inflation Hedge 2013 QE1, QE2, QE3, the Bernanke “Twist” and QE4 are pumping out money at a rate never before seen in history. The Fed will not only generate US inflation but it will be exporting that inflation to the rest of the World, especially emerging markets. It is [...]

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What is the ASEAN Economic Community?

Shayne Heffernan — Sun, 28 Apr 2013 12:00:02 +0000

Shayne Heffernan takes a look at the ASEAN Economic Community and how it will change South East Asia The ASEAN Economic Community as the economic community is known, is a strategy to boost the region’s economic clout. A blueprint adopted in November 2007 sets targets and timelines to fuse the 10 disparate Southeast Asian countries [...]

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Forex, Time for a JPY Correction?

Paul A Ebeling Jr — Sun, 28 Apr 2013 11:49:54 +0000

Forex, Time for a JPY Correction? USD/JPY The Japanese Yen firmed last week against its G-10 counterparts as consumer prices showed deflationary pressures lessened and the Bank of Japan BOJ maintained its plan to double the monetary base in 2 years. Monetary and fiscal policy measures in Japan have been aimed at re-flating the economy [...]

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Australia’s Central Bank Joins RMB Club

Paul A Ebeling Jr — Sat, 27 Apr 2013 16:06:46 +0000

Australia’s Central Bank Joins RMB Club The Reserve Bank of Australia (RBA) this week has made a massive plunge on China’s strengthening currency, called “RMB” or “Yuan,” by initiating as about AUD 2-B play on the ‘Yuan.’ By investing 5% of its total foreign currency assets in Chinese sovereign bonds, the Australian central bank is [...]

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Vietnam is still the world’s top pepper exporter

Paul A Ebeling Jr — Fri, 26 Apr 2013 13:42:15 +0000

Vietnam is still the world’s top pepper exporter Vietnam maintained to be the world’ s top pepper exporter when the country exported 38,374 tons of pepper in the first quarter of this year, pocketing US$254.1-M, according to the Vietnam Pepper Association (VPA) Thursday. The figures posted an increase of 23.5% in volume and 20% in [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Thu, 25 Apr 2013 20:06:22 +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) Southeast Asia’s efforts to create a single market by 2015 are in their hardest phase owing to protectionist [...]

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Indonesia Dividend Stocks: Lippo Karawaci

Shayne Heffernan — Thu, 25 Apr 2013 18:39:19 +0000

Indonesia Dividend Stocks: Lippo Karawaci Lippo Karawaci, one of the country’s largest property developers, remains optimistic on the business environment in Indonesia and is paying its investors Rp 270 billion ($28 million) in dividends this year. “Indonesia’s economic prospect shows positive trend and foreign and domestic investment continue to grow,” said Ketut Budi Wijaya, president [...]

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South Korea Over Stated by Bank of Korea

Shayne Heffernan — Thu, 25 Apr 2013 18:26:57 +0000

South Korea Over Stated by Bank of Korea The Bank of Korea and the Ministry of Strategy and Finance seem to be at odds over the country’s growth prospects, raising the possibility of another round of debate over the key base rate. The central bank announced Thursday better-than-expected gross domestic product on-quarter growth of 0.9 [...]

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STX Offshore KRX:067250 Emergency Loans

Shayne Heffernan — Thu, 25 Apr 2013 18:24:17 +0000

STX Offshore KRX:067250 Emergency Loans Creditors of STX Offshore & Shipbuilding agreed Thursday to provide the ailing South Korean shipbuilder with 600 billion won (US$540 million) in emergency loans, the main creditor bank said. STX Offshore, the shipbuilding unit of STX Group, a South Korean shipping and shipbuilding conglomerate, has been suffering a credit crunch [...]

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S&P Dow Jones Indices Licenses Pan Asia Dividend Aristocrats Index to State Street Global Advisors

Shayne Heffernan — Thu, 25 Apr 2013 15:23:15 +0000

S&P Dow Jones Indices announced today that it has licensed the S&P Pan Asia Dividend Aristocrats® Index to State Street Global Advisors for the launch of an exchange traded fund (ETF) based upon the Index. The S&P Pan Asia Dividend Aristocrats Index measures the performance of constituents within the S&P Pan Asia Broad Market Index [...]

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Regional trade deal to give strong boost to ASEAN economies

Paul A Ebeling Jr — Thu, 25 Apr 2013 11:34:16 +0000

Regional trade deal to give strong boost to ASEAN economies A comprehensive economic agreement including China to be discussed at the 22nd ASEAN summit could push Brunei’s growth by an impressive 6 percent with significant growth projections for Vietnam, Malaysia and Thailand, according to a report released Tuesday. The report by the Asian Development Bank [...]

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ASEAN Summit Begins in Brunei

Paul A Ebeling Jr — Thu, 25 Apr 2013 11:14:56 +0000

ASEAN Summit Begins in Brunei South-East Asian leaders meet in Brunei Wednesday hoping to heal wounds from damaging infighting over China, while seeking to build momentum towards a giant free-trade pact. The summit of the 10-member Association of Southeast Asian Nations (ASEAN) comes after the bloc suffered deep splits last year linked to territorial disputes [...]

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Japan’s entry into TPP important for USA

Paul A Ebeling Jr — Thu, 25 Apr 2013 09:29:12 +0000

Japan’s entry into TPP important for USA Japan’s entry into the Trans- Pacific Partnership (TPP) will deliver significant economic benefits for the United States, said a senior US trade official Wednesday. The TPP Agreement will “serve as a tool to expand US exports, which is critical to our continued economic recovery and to the creation [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Wed, 24 Apr 2013 20:10:15 +0000

ASEAN Stock Exchange Preview ASEAN Stocks are some of the stocks actively traded in the HeffCap Dividend Focused CFD Fund, great protection in the current economic environment after the success of their Metals, Currencies and Private Equity Funds. Durable goods orders slumped 5.7 percent as demand fell almost across the board, the Commerce Department said [...]

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Robert Kuok’s entry into Iskandar Malaysia

Shayne Heffernan — Wed, 24 Apr 2013 18:12:11 +0000

Robert Kuok’s entry into Iskandar Malaysia will create a ripple effect, drawing more interest from international investors and creating new jobs and opportunities in the region. “Because Kuok has close ties with China, more investments are also likely to pour into Iskandar Malaysia from the world’s second-largest economy,” an industry observer told StarBiz. Kuok had [...]

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Vietnam NganLuong Joint Stock Co.

Shayne Heffernan — Wed, 24 Apr 2013 18:06:32 +0000

E-payment services provider, MOL AccessPortal Sdn Bhd, has entered into an agreement with pioneering Vietnamese e-commerce group, PeaceSoft Solutions Corp, to jointly acquire a 50% equity stake in NganLuong Joint Stock Co. Under the agreement, MOL and PeaceSoft would jointly operate one of the country’s first online payments and escrow platforms, together with other related [...]

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Nikkei 225 Ready to Fall

Shayne Heffernan — Wed, 24 Apr 2013 18:02:48 +0000

Nikkei 225 Ready to Fall The dramatic move forward of the Nikkei is about to reverse. The Yen is headed back to 90 in USD terms. A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined [...]

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Moody’s Like The Philippines

Shayne Heffernan — Wed, 24 Apr 2013 17:38:36 +0000

Moody’s Analytics, a sister company of credit rating watchdog Moody’s Investor Service, said the country’s 6.6-percent growth in 2012 was achieved despite weak growth in the United States, a crisis in the eurozone and a slowdown in China. It said the problems of the United States, the eurozone and China— key export markets—significantly dampened the [...]

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New Buy Out Fund Launched in Asia

Shayne Heffernan — Wed, 24 Apr 2013 05:01:14 +0000

New Buy Out Fund Launched in Asia The objective of the Fund is to achieve capital appreciation with optimum returns, within controlled levels of risk, over the medium to short term by investing in buyouts and build-ups and growth equity investments. The Fund will only target rapidly growing companies that are profitable, have proven business [...]

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China – Australia Economic Report

Shayne Heffernan — Wed, 24 Apr 2013 04:46:23 +0000

Philip Lowe Deputy Governor of The Reserve Bank of Australia It is a great pleasure to be here in Shanghai today. I would like to thank AustCham Shanghai for the invitation to speak at this lunch. As you may know, the Reserve Bank of Australia’s head office is located in Sydney. I mention this because [...]

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Apple NASDAQ:AAPL Supplier SK Hynix Inc (KRX:000660) Earnings Jump

Shayne Heffernan — Wed, 24 Apr 2013 04:42:38 +0000

Apple NASDAQ:AAPL Supplier SK Hynix Inc (KRX:000660) Earnings Jump SK Hynix Inc (KRX:000660) says it has swung to a profit in the first quarter from a year earlier thanks to higher chip prices. The South Korean memory chipmaker said today its net income reached 178.7 billion won (US$159 million) in the January-March period, compared with [...]

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Dhanin Chearavanont Takes Advantage of Strong Thai Baht

Shayne Heffernan — Wed, 24 Apr 2013 04:34:25 +0000

Dhanin Chearavanont Takes Advantage of Strong Thai Baht Dhanin Chearavanont Thailand’s richest man launched a $6.6 billion takeover bid for Thai discount retailer Siam Makro as rapid economic growth drives a boom in the kingdom’s retail sector. The agreed bid is the latest mega-deal involving billionaire Dhanin Chearavanont, whose sprawling empire includes a string of [...]

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Election Violence in Malaysia

Shayne Heffernan — Wed, 24 Apr 2013 04:23:22 +0000

Hundreds of cases of Malaysian election violence have been reported since campaigning for tightly contested May 5 polls got under way at the weekend, police were quoted saying. A total of 387 incidents were reported in the first three days of the two-week campaign, which kicked off Saturday, and at least 15 people have been [...]

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SingTel SI:Z74 announces island wide LTE coverage in Singapore

Paul A Ebeling Jr — Wed, 24 Apr 2013 04:11:02 +0000

SingTel SI:Z74 announces island wide LTE coverage in Singapore Singapore Telecommunications SingTel SI:Z74 announced Tuesday that it has achieved nationwide LTE aka long-term evolution coverage in Singapore, a city state of about 700 sq kilometers. This makes SingTel the second carrier to announce islandwide 4G coverage. Another carrier M1 has announced its nationwide LTE coverage [...]

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ASEAN: Myanmar, Indonesia sign economic co-operation accords

Paul A Ebeling Jr — Wed, 24 Apr 2013 04:07:26 +0000

ASEAN: Myanmar, Indonesia sign economic co-operation accords Myanmar and Indonesia Tuesday signed some three accords on economic co-operation between the 2 countries in Nay Pyi Taw, state radio and TV reported The signing of the accords came shortly after talks between Myanmar President U Thein Sein and his visiting Indonesian counterpart Dr. Susilo Bambang Yudhoyono [...]

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ASEAN Stock Exchange Preview

Shayne Heffernan — Tue, 23 Apr 2013 18:52:55 +0000

Sixteen Asia-Pacific countries are set to start talks next month on a free trade zone that would cover over half the world’s population, according to a document obtained by AFP on Tuesday. The start of negotiations for the Regional Comprehensive Economic Partnership (RCEP) are planned despite deep rifts among potential members, including China, Japan and [...]

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ASEAN Hong Kong Free Trade

Shayne Heffernan — Tue, 23 Apr 2013 10:44:42 +0000

ASEAN Hong Kong Free Trade The Association of Southeast Asian Nations will pursue a free trade agreement with Hong Kong. ASEAN leaders meeting in the Brunei capital of Bandar Seri Begawan tomorrow and Thursday will endorse a decision by their economic ministers to expand trade ties with the city, according to the document. “We welcomed [...]

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Vietnam Government to Boost Trade, Cut Deficit with China

Paul A Ebeling Jr — Tue, 23 Apr 2013 10:26:02 +0000

Vietnam Government to Boost Trade, Cut Deficit with China The Vietnamese government is seeking to boost trade with China while trying to reduce its widening trade deficit with its neighbor. China is Vietnam’s largest trading partner and Vietnam’s key exports to China include agricultural products and minerals, while its key imports from China are Machinery, [...]

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Philippine stock index cracks 7,000 mark for 1st time

Paul A Ebeling Jr — Tue, 23 Apr 2013 10:08:12 +0000

Philippine stock index cracks 7,000 mark for 1st time Less than a month after Fitch Ratings gave the Philippines the much-awaited investment grade, the Philippine Stock Exchange PSE Monday breached the psych 7,000 mark for the 1st time in history. The PSE index closed at a new all-time high of 7,120. 48 pts, gaining 163.38 [...]

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ASEAN: Thailand and Cambodia agree to boost trade ties despite border spat

Paul A Ebeling Jr — Mon, 22 Apr 2013 20:15:11 +0000

ASEAN: Thailand and Cambodia agree to boost trade ties despite border spat Cambodia and Thailand agreed Monday to further promote bi-lateral trade, investment and tourism despite ongoing border dispute, Cambodian Commerce Minister Cham Prasidh said. “We’re trying to increase our bilateral trade and economic ties regardless of border conflict,” he told reporters after the 4th [...]

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ASEAN Stock Market Preview

Shayne Heffernan — Mon, 22 Apr 2013 19:41:17 +0000

Malaysia At Bursa Malaysia, Maybank rose seven sen to RM9.77, pushing the KLCI up 1.08 points, Public Bank foreign added 12 sen to RM16.38, Hong Leong Capital 11 sen higher at RM4.48, HL Bank added six sen to RM14.46, Public Bank four sen to RM16.32 and AMMB three sen to RM6.52. UMW and Petronas Dagangan [...]

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Philippine Savings Bank Outperforms

Shayne Heffernan — Mon, 22 Apr 2013 18:05:08 +0000

Philippine Savings Bank, the thrift bank arm of the Metrobank group, generated a record-high net profit of P2 billion in the first quarter as hefty trading gains complemented core interest earnings. The first quarter net profit was 273-percent higher than the level in the same period last year, the bank disclosed to the Philippine Stock [...]

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Wealth in Asia

Shayne Heffernan — Mon, 22 Apr 2013 17:18:23 +0000

New report finds that many asset rich households in Asia are retiring income poor However, research reveals that the relatively vast sums of personal wealth accrued by households in Asia provide a solid foundation for generating retirement income if efficiently mobilized Manulife Asset Management recently issued a report that analyses the retirement income security of [...]

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Shipping News in Japan

Shayne Heffernan — Mon, 22 Apr 2013 09:59:54 +0000

Shares in Japan’s Mitsui Engineering & Shipbuilding surged Monday following a report that it had started merger talks with Kawasaki Heavy Industries. The leading Nikkei business daily said a merger between the shipbuilders would create a firm with almost 2.0 trillion yen (US25 billion) in annual sales, putting it in second spot behind Japan’s Mitsubishi [...]

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Myanmar Anticipates Total Lift of EU Sanctions

Paul A Ebeling Jr — Mon, 22 Apr 2013 08:08:19 +0000

Myanmar Anticipates Total Lift of EU Sanctions Foreign ministers of the European Union (EU) are due to meet in Luxembourg Monday to make a decision to withdraw all sanctions against Myanmar, exactly a year after the regional grouping announced suspension of most sanctions against the country for a year except arms embargo. Firms like HeffCap [...]

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ASEAN Under Attack From Japan

Paul A Ebeling Jr — Mon, 22 Apr 2013 08:00:55 +0000

ASEAN Under Attack From Japan A Weak Yen Could Set Off Asian Currency Crisis SCGLY, HCS, USD, JPY, EUR The Yen’s fall could herald bad news for Asia, just as it did prior to the Y 1997 currency crisis, says a global currency strategist at Societe Generale PA:GLE, PINK:SCGLY “It seems investors may have forgotten [...]

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Islamic Finance News: Petronas Sukuk

Shayne Heffernan — Sat, 20 Apr 2013 15:08:28 +0000

Petronas Dagangan Bhd has been given the green light to issue up to RM2bil in a sukuk programme, pursuant to which Islamic commercial papers and Islamic medium-term notes may be issued from time to time. In a filing with Bursa Malaysia, the company said the proceeds would be utilised to finance the issuer’s capital expenditure, [...]

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Bank of Thailand and the Thai Baht

Shayne Heffernan — Fri, 19 Apr 2013 20:20:51 +0000

Bank of Thailand and the Thai Baht Economist and Hedge Fund Manager Shayne Heffernan takes a look at the Thai Baht. The Thai Baht has taken the path we suggested last year, in fact when I spoke to former Prime Minister in 2011 I informed him I had estimated that by 2015 the Thai Baht [...]

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Vietnam Cuts Taxes

Shayne Heffernan — Fri, 19 Apr 2013 19:47:39 +0000

Vietnam Cuts Taxes Vietnam announced a plan to cut corporate income tax to 22% from the current 25% starting 2014. It will reduce the taxes from January 1 and plans to bring it down further to 20$ in the 2016-2020 period. The new rate of 22 percent will apply to small and medium sized enterprises [...]

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Singapore SembCorp Score Big in UK

Shayne Heffernan — Fri, 19 Apr 2013 11:07:39 +0000

Shayne Heffernan strong buy SembCorp Industries the Singapore listed conglomerate has had a major win in the UK SITA SEMBCORP UK, a consortium led by SITA UK, a subsidiary of SUEZ ENVIRONNEMENT, has been selected as preferred bidder for a resource recovery contract worth €1.4 billion[1] over 30 years with the Merseyside Recycling and Waste [...]

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Bank of Japan Defends Currency War

Shayne Heffernan — Fri, 19 Apr 2013 10:30:16 +0000

Bank of Japan Defends Currency War Bank of Japan Governor Haruhiko Kuroda said Thursday he intends to attempt the impossible, that is, to explain to fellow members of the Group of 20 major economies that Japan’s bold monetary easing isn’t aimed at cheapening the yen. The finance ministers and central bankers of the G-20 are [...]

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ASEAN Market Preview

Shayne Heffernan — Thu, 18 Apr 2013 18:58:26 +0000

China’s central government has pledged to slash 126 million yuan ($20.38 million) from its spending on public-funded vehicles, receptions and overseas trips this year, a move that experts said lives up to the new leadership’s promise to be frugal. Departments under the central government and organizations that receive public funds are planning to spend 7.97 [...]

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BOATasia 2013 in Singapore

Shayne Heffernan — Thu, 18 Apr 2013 09:32:28 +0000

Yachts, Host of Lifestyle Activities, Lined Up for Boat Asia 2013 TMX Show productions has announced a stunning array of luxury yachts showcasing the best that the leisure marine industry has to offer at Boat Asia 2013, which opens today and take place from 18-21 April 2013 at Marina at Keppel Bay, Singapore. Over 30 [...]

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Vietnam’s central bank auctions Gold

Paul A Ebeling Jr — Thu, 18 Apr 2013 09:31:08 +0000

Vietnam’s central bank auctions Gold The State Bank of Vietnam (SBV) has so far held seven consecutive gold auctions, with the first on 28 March and the 7th Tuesday, with the aim of balancing local supply and demand on Gold. The domestic Gold market became more stable in the past few weeks as the difference [...]

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Global Economic Contraction Hits Singapore

Paul A Ebeling Jr — Thu, 18 Apr 2013 09:30:48 +0000

Singapore’s exports fell 4.8% Y-Y in March The non-Oil domestic exports (NODX of Singapore declined by 4.8% Y-Y in March, much eased from the plunge of 30.6 percent in February, the trade promotion agency International Enterprise IE Singapore said Wednesday. The NODX is a Key gauge of the export performance of Singapore, which is a [...]

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Mongolia Becomes Unattractive to Miners

Paul A Ebeling Jr — Thu, 18 Apr 2013 09:22:48 +0000

Mongolia Becomes Unattractive to Miners Mongolia says mining deal with Rio Tinto NYSE:RIO not beneficial A large mining deal with Anglo-Australian mining group Rio Tinto is not good for Mongolia, a senior Mongolian official said Wednesday. “Many facts prove that the Oyu Tolgoi investment agreement is not benefiting the Mongolian people,” Finance Minister Chultem Ulaan [...]

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ASEAN Market Preview

Shayne Heffernan — Wed, 17 Apr 2013 20:01:42 +0000

ASEAN Market Preview OCBC Singapore CBC Bank led the banc assurance business in Singapore, with sales (based on total weighted premiums1) closing in at S$268 million in 2012 – an increase of 160% from 2009. Last year, the Bank made significant inroads in protection products, with sales growing sevenfold year-on-year. OCBC Bank offers a wide [...]

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Emeco Holdings Limited (ASX:EHL) Undervalued

Shayne Heffernan — Wed, 17 Apr 2013 19:51:46 +0000

Emeco Holdings Limited (ASX:EHL) Undervalued Emeco Holdings Limited is engaged in the renting, maintaining and selling of heavy earthmoving equipment to customers in the mining industries. The Company operates in six segments: Australian rental, which provides a range of earthmoving equipment and maintenance services to customers in Australia; Australian sales, which sells a range of [...]

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Malaysia Listed DRB-HICOM Bhd a Buy

Shayne Heffernan — Wed, 17 Apr 2013 19:47:24 +0000

Malaysia Listed DRB-HICOM Bhd a Buy DRB-HICOM Berhad is an investment holding company. Its segments include Automotive, which is engaged in manufacturing, assembly, vehicles importation, motorcycles and special purpose vehicles; Services, which is engaged in concession, banking, insurance, postal and other services, and Property, Asset and Construction, which is engaged in property holding, development and [...]

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Ausdrill Limited (ASX:ASL) May Be a Bargain

Shayne Heffernan — Wed, 17 Apr 2013 19:41:35 +0000

Ausdrill Limited (ASX:ASL) May Be a Bargain Ausdrill Ltd announced that Allianz SE has an interest of 15,873,671 ordinary shares, which represents 5.13% of voting power in the Company. Ausdrill Limited is a diversified mining and services company providing edge services in mining, drill and blast, exploration, procurement and logistics, manufacturing and telecommunications in Australia, [...]

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China developed Hybrid Rice to help the Philippines achieve Rice self-sufficiency

Paul A Ebeling Jr — Wed, 17 Apr 2013 09:04:38 +0000

China developed Hybrid Rice to help the Philippines achieve Rice self-sufficiency By using the Hybrid Rice technology successfully developed by China, the Philippines, one of the world’s largest Rice importers, could become self-sufficient in the staple food and could even start exporting Rice to other countries. This was the consensus that emerged at the first [...]

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Vietnam’s exporters to focus on Hong Kong market

Paul A Ebeling Jr — Wed, 17 Apr 2013 09:02:02 +0000

Vietnam’s exporters to focus on Hong Kong market Vietnamese businesses should make the best of China’s Hong Kong as a gateway for bringing their goods to other markets, reported Vietnam’s state-run Vietnam News Tuesday. The newspaper quoted the saying by experts at a seminar recently held in capital Hanoi to discuss ways to boost exports [...]

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Australia will be world’s largest or 2nd largest LNG exporter by 2018

Paul A Ebeling Jr — Wed, 17 Apr 2013 08:59:57 +0000

Australia will be world’s largest or 2nd largest LNG exporter by 2018 Australia is expected to become the world’s largest or 2nd-largest liquefied natural gas (LNG) exporter by Y 2018, thanks to the continued expansion of its LNG sector, a top Australian energy official said Tuesday. Addressing the 17th International Conference and Exhibition on Liquefied [...]

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Asean Stock Exchange Preview

Shayne Heffernan — Tue, 16 Apr 2013 19:56:10 +0000

Asean Stock Exchange Preview China’s real estate investment growth slowed in the first quarter of 2013, and some analysts expressed concern that rigorous property curbs may drag down economic growth. Despite a year-on-year increase of 20.2 percent in real estate investment in the first quarter of 2013, the growth rate was down 3.3 percentage points [...]

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SM Prime Holdings Inc Posts Strong Quarter

Shayne Heffernan — Tue, 16 Apr 2013 19:32:07 +0000

SM Prime Holdings Inc. expects to invest P88 billion in the next three years to expand its shopping mall portfolio in the Philippines and China. SM Prime also announced on Tuesday a 15-percent year-on-year growth in first quarter net profit to P2.79 billion as revenues were boosted by same-store rental revenue expansion alongside the opening [...]

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Southern Rubber Industry JSC Vietnam Undervalued

Shayne Heffernan — Tue, 16 Apr 2013 19:22:31 +0000

Southern Rubber Industry JSC Vietnam Undervalued The Southern Rubber Industry Joint Stock Company (Casumina) has started the construction of the new radial truck tyre factory with a total investment of US$160million. This 68,000sq.m plant in Tan Uyen District, Binh Duong Province will be equipped with modern production lines meeting all standards set by the USA, [...]

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Nobu Bank IPO in Indonesia

Shayne Heffernan — Tue, 16 Apr 2013 18:58:55 +0000

Nobu Bank IPO in Indonesia Nobu Bank plans to sell 52 percent of its enlarged capital in an initial public offering in May, the underwriter said on Tuesday. Controlled by the Riady family of Indonesian conglomerate Lippo Group, Nobu plans to raise Rp 862 billion ($88.76 million) for business expansion by issuing 2.15 billion new [...]

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Organic Farming in Indonesia

Shayne Heffernan — Tue, 16 Apr 2013 18:53:40 +0000

The organic foods stocking the shelves of Indonesian supermarkets might not actually be organic, the Ministry of Trade warned on Tuesday. More than 70 percent of Indonesia’s organic farms lack the necessary certificates proving the products are actually organic, the director general of standards and consumer protection at the Ministry of Trade said. “From the [...]

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US Dollar ($) / Japanese Yen (¥) (USDJPY) Update

Shayne Heffernan — Tue, 16 Apr 2013 08:33:13 +0000

USD/JPY intraday: key ST resistance at 98.25 Pivot: 98.25. Our preference: SHORT positions @ 98.1 with 96.5 & 95.85 as next targets. Alternative scenario: The upside breakout of 98.25 will open the way to 99.1 & 100. Comment: the pair stands below its resistance and remains under pressure, the RSI lacks upward momentum. Opinion published [...]

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RBA Not Ruling Out More Rate Cuts

Paul A Ebeling Jr — Tue, 16 Apr 2013 08:24:54 +0000

RBA Not Ruling Out More Rate Cuts The Reserve Bank of Australia, or RBA said evidence was mounting that Key parts of the economy were warming to “historically low” rates following six cuts since November 2011. The RBA’s remarks were contained in minutes of the central bank’s Apr. 2 policy meeting, at which the benchmark [...]

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South Korea Unveils Extra Budget

Paul A Ebeling Jr — Tue, 16 Apr 2013 08:12:33 +0000

South Korea Unveils Extra Budget South Korea Tuesday announced a $15.44-B extra government budget to spur growth in Asia’s 4th largest economy, in the 1st such fiscal stimulus in 4 yrs. The additional government spending is in line with new President Park Geun-hye’s promise to boost economic growth, but inevitably pushes back the government’s already-delayed [...]

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ASEAN Market Preview

Shayne Heffernan — Mon, 15 Apr 2013 20:00:53 +0000

ASEAN Market Preview Strong domestic demand continued to be the engine of growth for development in East Asia and the Pacific, which posted a 7.5 percent growth in 2012 — higher than any other region in the world, the World Bank said on Monday. In its latest analysis of the regional economy, released in Singapore [...]

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South Korea GDP Under 3%

Shayne Heffernan — Mon, 15 Apr 2013 19:38:09 +0000

South Korea GDP Under 3% Korea’s GDP growth would fall below 3 percent this year, hovering between 2.5 and 2.9 percent, the Ministry of Trade, Industry and Energy said in a press release on Monday. The economic growth projection was presented by representatives from 11 private and public think tanks at a lunch meeting with [...]

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Singapore Real Estate, Private Home Sales Rose in March

Paul A Ebeling Jr — Mon, 15 Apr 2013 17:20:15 +0000

Singapore Real Estate, Private Home Sales Rose in March Developers in Singapore sold 2, 793 new units of private homes, excluding executive condominiums, in March, according to statistics released by the Urban Redevelopment Authority Monday. The number is more than four times of that in February. The increase came despite the government announced its latest [...]

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North Korea Ready for Launch

Shayne Heffernan — Mon, 15 Apr 2013 07:48:38 +0000

North Korea Ready for Launch South Korea’s defense chief said Monday that North Korea is seen ready to launch missiles, but he noted that there are no signs of a full-scale war. “(The military) is trailing (North Korea’s possible missile launch) as the launch is seen ready,” Defense Minister Kim Kwan-jin told lawmakers at a [...]

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Asia Pacific Economic Update

Shayne Heffernan — Mon, 15 Apr 2013 07:38:25 +0000

Asia Pacific economies will grow 7.8 percent this year on robust domestic demand, the World Bank said, but it warned countries to guard against overheating in credit and asset prices. The forecast is up from 7.5 percent last year, but the bank said in its latest East Asia and Pacific Update report that expansion would [...]

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Enersis SS, NYSE:ENI to strengthen Oil and Gas business in Indonesia

Paul A Ebeling Jr — Mon, 15 Apr 2013 07:15:39 +0000

Enersis SS, NYSE:ENI to strengthen Oil and Gas business in Indonesia Italy’s biggest Crude Oil and Nat Gas firm ENI will raise investment in Indonesia to make the country its major presence in the world, a top official of the firm said Friday. Eni’s CEO Paulo Sacroni told a joint press conference with Indonesian Energy [...]

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Philippines Stock Exchange Preview

Shayne Heffernan — Sun, 14 Apr 2013 17:55:31 +0000

Philippines Stock Exchange Preview Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Philippines Stock Exchange is currently 19.7% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out [...]

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Singapore Stock Exchange Preview

Shayne Heffernan — Sun, 14 Apr 2013 17:46:01 +0000

Singapore Stock Exchange Preview The Singapore dollar slid as much as 0.2 percent to 1.2393 against the U.S. dollar Friday. The Monetary Authority of Singapore (MAS) lowered its inflation forecast for 2013 to 3 percent to 4 percent from the previous range of 3.5 percent to 4.5 percent and cut its outlook for core inflation [...]

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Stock Exchange of Thailand Preview

Shayne Heffernan — Sun, 14 Apr 2013 17:37:06 +0000

Stock Exchange of Thailand Preview Thai Fund Inc.(NYSE:TTF) Public Holidays The Stock Exchange of Thailand Index is currently 13.0% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and [...]

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Jakarta Stock Exchange Preview

Shayne Heffernan — Sun, 14 Apr 2013 17:15:47 +0000

Jakarta Stock Exchange Preview Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Jakarta Stock Exchange gapped up Friday (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance. Jakarta [...]

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Miss Grand International Beauty Pageant 2013

Gossip in Hollywood — Sun, 14 Apr 2013 11:47:16 +0000

Miss Grand International Beauty Pageant 2013 With the first franchise being a big hit in Thailand the Miss Grand International Beauty Pageant 2013 is now open for contestants, organizers, broadcasters and sponsors around the world. Miss Grand Thailand is already underway and has proven just how successful the Miss Grand International Beauty Pageant will become, [...]

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Happy New Year 2557 from Thailand

Shayne Heffernan — Sat, 13 Apr 2013 16:47:16 +0000

Happy New Year 2557 from Thailand Yes in Thailand it is 2557! The Thai solar calendar, Suriyakhati (Thai: สุริยคติ) was adopted by King Chulalongkorn (Rama V) in AD 1888 as the Siamese version of the Gregorian calendar. It is the legal calendar in Thailand, though Thai lunar calendar dates continue in use. Years are now [...]

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Singapore Stocks Weekly Summary

Shayne Heffernan — Sat, 13 Apr 2013 16:32:41 +0000

Singapore Stocks Weekly Summary The FTSE Straits Times Index (STI) ended -14.61 points lower or -0.44% lower to 3,294.19, taking the year-to-date performance to +4.01%. The FTSE ST Mid Cap Index gained +0.57% while the FTSE ST Small Cap Index declined -0.23%. The top active stocks were GLP (+1.44%), Singtel (-1.11%), DBS (+0.13%), Mapletree GCC [...]

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Japan Recognized as Currency Manipulator, Yen to Rally

Shayne Heffernan — Sat, 13 Apr 2013 16:28:13 +0000

Japan Recognized as Currency Manipulator, Yen to Rally The massive scale of the BOJ’s stimulus pushed the yen to a four-year low against the dollar this week and has jolted Japanese bond prices, with the 10-year bond yield rebounding to 0.635 percent on Friday from a record low of 0.315 percent hit last week after [...]

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You know who I am ― Wet Psy!

John Heffernan — Fri, 12 Apr 2013 15:49:25 +0000

Gossip in Hollywood The “Gangnam Style” follow-up single was released in 119 nations at midnight in their respective local times. New Zealand was the first country to listen to the song due to the time difference, three hours before the song was released in Korea. The electro-dance song with more English-language lyrics and a catchy [...]

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ASEAN Exchanges Preview

Shayne Heffernan — Thu, 11 Apr 2013 20:07:37 +0000

ASEAN Airlines Outperform World A total of 23 Asia-Pacific airlines made US$1.73 billion compared with $590 million in the same period of 2011, according to the a financial monitor report released this week by the International Air Transport Association (IATA). The sharp improvement came as they carried a large part of the growth in passenger [...]

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NTT Communications Expands Tokyo Stock Exchange’s Global Reach with arrownet-Global to Hong Kong

Shayne Heffernan — Thu, 11 Apr 2013 04:22:38 +0000

Tokyo Stock Exchange (TSE) partners with NTT Communications Corporation to launch its arrownet-Global network service in Hong Kong. Leveraging NTT Communications’ Ethernet Leased Line service and ultra-low latency cable systems, including the Asia Submarine Cable Express (ASE), the new connectivity offering will enable global financial service institutions in Hong Kong to directly access JPX Co-location [...]

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19th Annual Dream Concert Lineup

John Heffernan — Thu, 11 Apr 2013 04:12:05 +0000

The 2013 Dream Concert K-pop music festival will be held on Saturday, May 11 at the Seoul World Cup Stadium. The annual summer K-pop concert event series known as the “Dream Concert” is back once again with this year’s show slated to feature some of the biggest names in the K-pop industry. This year’s 19th [...]

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The Return of USD/JPY Parity

Paul A Ebeling Jr — Thu, 11 Apr 2013 03:34:59 +0000

The Return of USD/JPY Parity EWJ, YCS, DXY The BOJ printing of money to purchase assets and bonds in Japan is a game-changing initiative. It devalues what had become a very overvalued Yen, but creates problems. Japan’s current $1.4-T or so of inflation efforts and asset buying is creating a situation in the currency markets [...]

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ASEAN Stock Exchanges Preview

Shayne Heffernan — Wed, 10 Apr 2013 19:46:18 +0000

China’s foreign trade growth continued to pick up in the first quarter, as the country’s supportive policies initiated last year began to take effect amid the improving economy. In the first quarter, China’s foreign trade – exports and imports combined – increased 13.4 percent year-on-year to $974.67 billion, faster than the country’s 6.2-percent trade growth [...]

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Cambodia’s Conglomerate in talks to buy communications satellite from China

Paul A Ebeling Jr — Wed, 10 Apr 2013 19:03:21 +0000

Cambodia’s Conglomerate in talks to buy communications satellite from China Cambodia’s Royal Group of Companies is in negotiations to purchase a satellite from China Aerospace Science and Technology Corporation for its telecoms operations in Cambodia, Cambodian Minister of Commerce Cham Prasidh said Wednesday. Cambodian Prime Minister Hun Sen, accompanied by President of the Royal Group [...]

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Vietnam Expo 2013 provides good venue for trade promotion

Paul A Ebeling Jr — Wed, 10 Apr 2013 19:00:17 +0000

Vietnam Expo 2013 provides good venue for trade promotion The 23rd Vietnam International Trade Exhibition (Vietnam Expo 2013) kicked off Wednesday, aiming to provide a good venue for both domestic and foreign trade promotion, said organizers. According to the Ministry of Industry and Trade, the expo attracted businesses from 17 countries and territories including China, [...]

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Philippines, other Asian emerging economies to grow faster this year

Paul A Ebeling Jr — Wed, 10 Apr 2013 18:59:36 +0000

Philippines, other Asian emerging economies to grow faster this year The Philippines and the other Asian emerging economies will grow faster this year compared to last year, according to a latest report from the Asian Development Bank (ADB). The ADB’s 2013 Asian Development Outlook, released in Hong Kong on Tuesday, said that after relatively muted [...]

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Soccer, Sex and Singapore

Shayne Heffernan — Wed, 10 Apr 2013 15:05:21 +0000

A Singapore court denied bail to three football referees accused of accepting sexual services arranged by a Singaporean businessman linked to an international gambling syndicate to rig a match. District judge Kamala Ponnampalam agreed with state prosecutors that there was a risk referee Ali Sabbagh, 34, and his fellow Lebanese assistants Ali Eid, 33, and [...]

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Philippines Vehicle Sales Hit New Record

Shayne Heffernan — Wed, 10 Apr 2013 14:03:53 +0000

Philippines Vehicle Sales Hit New Record Motor vehicle sales rose by nearly a third in the first quarter of 2013 as more optimistic consumers and low interest rates fueled demand for new cars and trucks, data released Wednesday showed. In a joint statement, the Chamber of Auto Manufacturers in the Philippines Inc. (Campi) and the [...]

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USD/JPY Head to 100 on BoJ Manipulation

Shayne Heffernan — Wed, 10 Apr 2013 12:39:41 +0000

USD/JPY Head to 100 on BoJ Manipulation USD/JPY intraday: the bias remains bullish. Pivot: 98.65 Our preference: Long positions above 98.65 with targets @ 99.65 & 100 in extension. Alternative scenario: Below 98.65 look for further downside with 98 & 97.15 as targets. Comment: the pair remains on the upside and is approaching its previous [...]

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ASEAN Stock Exchanges Preview

Shayne Heffernan — Tue, 09 Apr 2013 19:32:48 +0000

Singapore CapitaLand’s serviced residence business unit, The Ascott Limited (Ascott), said on Monday that it has secured a contract to manage its first serviced residence in Nanjing, China. The contract was awarded by Nanjing Lek Yuen Property Development Company Limited, a major property developer in Nanjing. The Ascott said Citadines Baijia Lake Nanjing will have [...]

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Mount Gibson Iron Limited (ASX:MGX) to Move Higher

Shayne Heffernan — Tue, 09 Apr 2013 18:50:32 +0000

Mount Gibson Iron Limited (ASX:MGX) to Move Higher Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 50.0000. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago. Relative Strength Index (RSI) [...]

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North Korea and Asian Currencies

Shayne Heffernan — Tue, 09 Apr 2013 18:08:14 +0000

The Korean won has fallen the most against the dollar among global currencies this year after the Japanese yen. The won lost more than 6 percent between January and April 8 this year, losing more of its value against the dollar than 28 other currencies including the euro, the British pound and the Canadian dollar, [...]

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Islamic Finance KLCCP Stapled Group

Shayne Heffernan — Tue, 09 Apr 2013 10:13:01 +0000

KLCC Property Holdings Bhd (KLCCP) is eyeing significant redevelopment opportunities for some of its assets as it transforms itself to become the country’s largest real estate investment trust (REIT) – KLCCP Stapled Group. “We have a three-pronged approach for growth and this includes the significant redevelopment potential arising from Kompleks Dayabumi, and that is why [...]

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Sundance Resources Limited (ASX:SDL) Faces Collapse

Shayne Heffernan — Tue, 09 Apr 2013 10:04:11 +0000

Sundance Resources Limited (ASX:SDL) Faces Collapse Sundance Resources Limited (ASX:SDL), which abandoned a takeover deal with Sichuan Hanlong Group suffered at the hands of investors today as its shares plunged by a record 47.6 percent in Sydney, Australia. The company’s shares ended the trading day on the ASX at 11 Australian cents. Sundance Resources shareholders [...]

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ASEAN Continues to Build Economy

Shayne Heffernan — Tue, 09 Apr 2013 05:32:13 +0000

South-East Asia continues to show signs of resilience, registering strong growth rates on buoyant domestic demand. The region’s relatively low debt levels, compared with many cash-strapped economies in western developed countries, have enabled governments in the region to undertake programmes to boost domestic spending and stimulate their economies. Accommodative monetary policies in most parts of [...]

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Malaysia to Grow 5.3% in 2013

Shayne Heffernan — Tue, 09 Apr 2013 05:27:21 +0000

Malaysia to Grow 5.3% in 2013 The Asian Development Bank forecasts Malaysia’s economy to grow 5.3% this year and pick up to expand at 5.5% in 2014. In its Asian Development Outlook 2013 issued on Tuesday, it said inflation was expected to rise to 2.2% this year and to 3.0% in 2014. On Asia’s economy, [...]

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Malaysia’s PM Najib Promises Tax Breaks, Giveaways

Paul A Ebeling Jr — Tue, 09 Apr 2013 04:27:57 +0000

Malaysia’s PM Najib Promises Tax Breaks, Giveaways KL:1155, MLYBY Malaysian Prime Minister Najib Razak is promising tax breaks, cheaper cars and higher cash payments to the poor to try to boost the ruling coalition’s appeal ahead of an election that could be the nation’s closest ever. But opposition members say they have heard it all [...]

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ADB Warns on Political Risk in Asia

Shayne Heffernan — Tue, 09 Apr 2013 04:20:09 +0000

Economic growth in developing Asia is picking up, underpinned by China’s rebound and strength in countries such as Indonesia, the Asian Development Bank said in a report Tuesday, while warning that political disputes pose an increased threat to growth. AFP PHOTO The Manila-based lender’s 2013 Asian Development Outlook said some big dangers to regional growth [...]

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North Korea Pulls Workers From Industrial Park

Paul A Ebeling Jr — Tue, 09 Apr 2013 04:11:11 +0000

North Korea Pulls Workers From Industrial Park North Korea withdrew its workers from an industrial park jointly run with South Korea and said it is considering closing the complex permanently. That would leave the last remaining symbol of inter-Korean cooperation close to collapse and mark a significant exacerbation of tensions on the Korean peninsula. The [...]

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ASEAN Market Preview

Shayne Heffernan — Mon, 08 Apr 2013 18:40:30 +0000

Singapore Singapore’s foreign exchange reserves stood at US$258.17 billion (S$320.44 billion) in March, down slightly from US$259.14 billion in February, the Dow Jones news agency reported, citing data from the Monetary Authority of Singapore. In Singapore dollar terms, the foreign exchange reserves were at S$320.21 billion in March, compared with S$320.73 billion in February, the [...]

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The Yen Will Rally, BoJ Will Fail

Shayne Heffernan — Mon, 08 Apr 2013 15:56:51 +0000

The BoJ have finally delivered a major change in their monetary stance, greater than that anticipated by the markets, and greater than QE elsewhere, triggering major initial JPY weakness… …but history does not suggest initial JPY weakness will be sustained. The previous big increases in central bank balance sheets we have seen in this financial [...]

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Philippines Peso Falls

Shayne Heffernan — Mon, 08 Apr 2013 13:45:47 +0000

The peso continued its slide on the first trading day of the week as the bird-flu scare in China and Taiwan, and the nuclear program in North Korea bothered financial markets. The local currency closed at 41.27 against the US dollar on Monday, down by 11 centavos from Friday’s finish of 41.16:$1. Intraday high hit [...]

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The Asean Exchanges Roadshow

Shayne Heffernan — Mon, 08 Apr 2013 13:42:25 +0000

The Asean Exchanges Roadshow The Asean Exchanges, a group that includes the Philippine Stock Exchange, is embarking on the next phase of a road show to promote cross-border trading in the region. The group of seven exchanges said in a statement that the next leg would be held in Vietnam, bypassing Indonesia and the Philippines [...]

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Philippines Stock Exchange Preview

Shayne Heffernan — Sun, 07 Apr 2013 17:33:07 +0000

Philippines Stock Exchange Preview Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Philippines Stock Exchange is currently 17.6% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out [...]

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Bursa Malaysia Preview

Shayne Heffernan — Sun, 07 Apr 2013 17:22:56 +0000

iShares MSCI Malaysia Index Fund (ETF) (NYSEARCA:EWM) Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish KLCI is currently 3.0% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of [...]

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Singapore Straits Times Index Preview

Shayne Heffernan — Sun, 07 Apr 2013 17:13:06 +0000

Singapore Straits Times Index Preview Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Singapore Straits Times Index is currently 6.2% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that [...]

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Stock Exchange of Thailand Preview

Shayne Heffernan — Sun, 07 Apr 2013 17:00:25 +0000

Stock Exchange of Thailand Preview Thai Fund Inc.(NYSE:TTF) Shayne Heffernan takes a look at the Stock Exchange of Thailand week ahead Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish SET 100 INDEX is currently 9.6% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared [...]

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Vietnam Stock Exchange Preview

Shayne Heffernan — Sun, 07 Apr 2013 16:49:04 +0000

Market Vectors Vietnam ETF. (NYSEARCA:VNM) Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Vietnam Stock Exchange is currently 18.7% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into [...]

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John Kozey Japanese Equities Preview

Shayne Heffernan — Sun, 07 Apr 2013 07:29:38 +0000

John Kozey Japanese Equities Preview iShares MSCI Japan Index (ETF) (NYSEARCA:EWJ), WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) The Pros and Cons of Japanese Equities Japanese stocks may not offer investors tremendous value at their current levels, but there are other signals — including new central bank policies — that suggest the idea of investing in [...]

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South Korea Economic Update

Shayne Heffernan — Sun, 07 Apr 2013 07:23:30 +0000

South Korea’s economy is recovering at a slower pace than expected amid still weak exports growth and sluggish job creation, a state-run think tank said Sunday. South Korea’s economic growth rate for this year is expected to beat the government’s estimate on the back of its economic stimulus measures including an extra budget, analysts said [...]

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Rolls-Royce Art Deco Phantoms Wow’s in its Indonesian Debut

Paul A Ebeling Jr — Sun, 07 Apr 2013 06:52:37 +0000

Rolls-Royce Art Deco Phantoms Wow’s in its Indonesian Debut From its beginnings in Paris in the early 20th Century, the Art Deco movement was a response to an era of rapid development of technology and the innovative use of new materials. Geometric shapes, recurring motifs and stylized images featured heavily across Art Deco design. Simplicity [...]

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What is Next for USD/JPY- It Broke to New Highs Last Week

Paul A Ebeling Jr — Sun, 07 Apr 2013 06:41:31 +0000

What is Next for USD/JPY- It Broke to New Highs Last Week The USD/JPY moved lower last week after taking out trendline support, drawn from the November low, around 94.05/15. That said, the daily RSI is still above the Key 40 mark where it found support signaling the overall uptrend is intact. This recovery came [...]

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Miss Grand Thailand 2013: Promoting World Peace

Shayne Heffernan — Sat, 06 Apr 2013 11:03:04 +0000

Miss Grand Thailand 2013: Promoting World Peace Miss Grand Thailand 2013, part of the new Miss Grand International was the centre of attention in Thailand this week. The contestants, Thailand’s most beautiful young women were at Sofitel So Bangkok, the stunning Christian Lacroix designed amenities were brought to life by the Miss Grand Thailand bikini [...]

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VietinBank Upgraded to a Must Own

Shayne Heffernan — Sat, 06 Apr 2013 10:16:02 +0000

Shayne Heffernan Uprgrades VietinBank to Must Own VietinBank is now among HeffCap’s best stocks to own in ASEAN. S&P raised its long-term issuer credit rating on Vietinbank (security code: CTG) to BB- from B+ with the outlook “stable”… On Dec. 28, 2012, The famous rating agency Standard & Poor’s Ratings Services raised its long-term issuer [...]

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Singapore Stock Market Weekly Summary

Shayne Heffernan — Sat, 06 Apr 2013 06:23:31 +0000

The FTSE Straits Times Index (STI) ended -8.02 points lower or -0.24% lower to 3,299.78, taking the year-to-date performance to +4.19%. The FTSE ST Mid Cap Index declined -0.20% while the FTSE ST Small Cap Index declined -0.57%. The top active stocks were GLP(+2.71%), Singtel (-0.55%), Yoma (+6.04%), ISDN (+29.85%), and DBS (-0.81%). The outperforming [...]

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Singapore Iron Ore Week

Shayne Heffernan — Sat, 06 Apr 2013 06:21:35 +0000

The Singapore Iron Ore Week is a week of events focused on the discussion of key topics by authoritative leaders in the iron ore and steel industry, networking amongst influential industry players and forging of new business opportunities. Situated in Singapore, a key iron ore trading hub and led by Singapore Exchange (SGX), the dominant [...]

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Samsung’s PINK:SSNLF Q-1 profit at record level on SmartPhone sales

Paul A Ebeling Jr — Sat, 06 Apr 2013 06:14:35 +0000

Samsung’s PINK:SSNLF Q-1 profit at record level on SmartPhone sales Samsung Electronics, the world’s largest maker of handsets, memory chips, televisions and flat screens, estimated Friday the record level of operating profit for the first quarter after rolling out its new flagship SmartPhone Galaxy S4. Samsung estimated the preliminary operating profit at 8.7-T Won (US$7.7-B) [...]

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Bangkok SkyTrain Backed Fund Raises $2.1-B in IPO

Paul A Ebeling Jr — Sat, 06 Apr 2013 05:49:54 +0000

Bangkok SkyTrain Backed Fund Raises $2.1-B in IPO TOIPY A fund backed by Bangkok’s SkyTrain raised about 62.5-B baht ($2.1-B) in Thailand’s biggest initial public offering IPO ever. BTS Rail Mass Transit Growth Infrastructure Fund sold 5.79-B units at 10.8 baht each, Keeree Kanjanapas, Chairman of BTS Group Holdings Pcl (BTS) said in a text [...]

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Singapore Straits Times Futures Preview

Shayne Heffernan — Thu, 04 Apr 2013 19:55:54 +0000

Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish SGX is currently 6.5% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along [...]

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ASEAN Market Preview

Shayne Heffernan — Thu, 04 Apr 2013 19:37:49 +0000

ASEAN Market Preview Philippines Philippine Stock Exchange index lost 31.58 points or 0.46 percent to close at 6,783.72. Turnover was thin at P6.71 billion. There were 71 advancers compared with 88 decliners while 46 stocks were unchanged. “Market is reflecting rising risk aversion,” said Banco de Oro Unibank chief strategist Jonathan Ravelas. If the next [...]

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AUD/USD on Path to Parity

Shayne Heffernan — Thu, 04 Apr 2013 13:11:23 +0000

AUD/USD intraday: under pressure. Pivot: 1.044 Our preference: Short positions below 1.044 with targets @ 1.04 & 1.038 in extension. Alternative scenario: Above 1.044 look for further upside with 1.045 & 1.0475 as targets. Comment: the pair is under pressure and is challenging its support. Opinion published is an intraday view. Green Lines Represent Resistance [...]

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USD/JPY Manipulation Creates Weakness

Shayne Heffernan — Thu, 04 Apr 2013 13:09:35 +0000

USD/JPY intraday: further advance. Pivot: 94.85 Our preference: Long positions above 94.85 with targets @ 95.75 & 96.1 in extension. Alternative scenario: Below 94.85 look for further downside with 94.4 & 93.95 as targets. Comment: the pair remains on the upside, the RSI is well directed but is also overbought. Opinion published is an intraday [...]

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Asia’s Best Hedge Funds

Shayne Heffernan — Thu, 04 Apr 2013 09:00:34 +0000

Separately Managed Account (SMA) is a management service designated individually managed by our senior trader and customized to fit your investment objectives. HCM’s customer funds provide superior risk-adjusted returns through proprietary and fundamental analysis to maximize portfolio returns Employ the HCM Process to ascertain the shareholder strength of every security in our selected market. Evaluate [...]

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ASEAN Banking Outlook

Shayne Heffernan — Thu, 04 Apr 2013 08:45:36 +0000

Association of Southeast Asian Nations member states need to scrap restrictions and allow their banks to operate across borders within the region if Asean is to achieve financial integration by 2020, according to the Asian Development Bank. An ADB report on the matter was released in Brunei Darussalam as Asean nations’ central bankers held their [...]

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Japan Moves Higher, Yen Falls Manipulation Continues

Shayne Heffernan — Thu, 04 Apr 2013 08:43:25 +0000

Japan Moves Higher, Yen Falls Manipulation Continues After a two-day meeting the BoJ said it would embark on an aggressive spending program, boosting asset purchases including Japanese government bonds, while pledging to meet a two percent inflation target within two years. The moves would see the BoJ “enter a new phase of monetary easing both [...]

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ASEAN Markets to Open Lower

Shayne Heffernan — Wed, 03 Apr 2013 19:57:04 +0000

Singapore HSBC Insurance (Singapore) has agreed to sell its group term life insurance and group medical insurance portfolios in Singapore to AXA Life Insurance Singapore. The gross asset value of these portfolios was approximately S$23.5m at 31 December . The Hongkong and Shanghai Banking Corporation has extended its existing exclusive 10-year bancassurance agreement with AXA [...]

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US, Singapore Military Cooperation

Shayne Heffernan — Wed, 03 Apr 2013 18:41:54 +0000

US President Barack Obama thanked Singapore for its military cooperation as the US prepares to rotate ships through the prosperous city state to boost its presence in the Asia Pacific. Obama met with Prime Minister Lee Hsien Loong yesterday. Singapore is a close defense and economic partner of the US, and later this month, the [...]

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Myanmar, Indonesia Trade

Paul A Ebeling Jr — Wed, 03 Apr 2013 18:18:14 +0000

Myanmar and Indonesia are making efforts to promote the two countries’ trade volume, which is targeted to reach up to US$ 1-B in Y 2016, official media reported Wednesday. During a meeting between Myanmar Minister of Commerce U Win Myint and visiting Indonesian Coordinating Minister for Economic Affairs Hatta Rajasa in Nay Pyi Taw Tuesday, [...]

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Japan Loves Whale Meat

Shayne Heffernan — Wed, 03 Apr 2013 18:01:44 +0000

The Institute of Cetacean Research can be found in a nondescript white-brick office building in Tokyo’s port district. Down a hallway and through an unmarked door is a small lobby with a model ship, a poster showing various whale species, and a sign that reads Keep Out. Japan says the research that goes on behind [...]

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AUD/USD to Break 1.05

Shayne Heffernan — Wed, 03 Apr 2013 14:14:03 +0000

AUD/USD intraday: further advance. Pivot: 1.044 Our preference: Long positions above 1.044 with targets @ 1.0495 & 1.0525 in extension. Alternative scenario: Below 1.044 look for further downside with 1.043 & 1.0415 as targets. Comment: the pair is rebounding and is approaching its previous high, the RSI is well directed. Opinion published is an intraday [...]

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USD/JPY and the BoJ

Shayne Heffernan — Wed, 03 Apr 2013 14:12:32 +0000

USD/JPY intraday: the upside prevails. Pivot: 93 Our preference: Long positions above 93 with targets @ 93.85 & 94.4 in extension. Alternative scenario: Below 93 look for further downside with 92.5 & 92 as targets. Comment: the pair stands above its support and remains on the upside. Opinion published is an intraday view. Green Lines [...]

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World’s Largest Eco Theme Park

Shayne Heffernan — Wed, 03 Apr 2013 13:19:28 +0000

Meritus Hotels & Resorts Signs MOU with Funtasy Island Development for the Management of Hotel and Villas in the World’s Largest Eco Theme Park sian hospitality chain Meritus Hotels & Resorts (MHR) has signed a Memorandum of Agreement with Funtasy Island Development (FID) Pte Ltd for the management of a deluxe resort development comprising a [...]

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