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2020-04-06 17:54 | Report Abuse
Mani countries oredi in re-start economy mode now like China, Austria, Hungary, Iran ...... ?
Buy on dips so as we are not left behind !
2020-04-06 17:43 | Report Abuse
Please read below. Singaporeans oredi got infected with FOMO disease now ! Thanks.
Author: Tan KW | Publish date: Mon, 6 Apr 2020, 11:18 AM
SINGAPORE: Record low interest rates are tempting some retail investors in Singapore to load up on debt to buy shares, just as the coronavirus outbreak creates the most volatile markets since the global financial crisis.
Earlier this year, 31-year-old insurance agent Heng Kai Sheng got advances on three separate credit cards to the tune of S$150,000 (US$105,000).
With the money, he opened a share-financing account at a local bank and pledged the lot as collateral.
He was granted leverage of around 3.5 times, a S$500,000 kitty Heng’s plowing into the stock market.
“As Asians, our parents always tell us ‘don’t borrow money, repay your mortgage as soon as possible’, ” said Heng, whose initial S$170,000 share portfolio now totals about S$135,000. “But money is so cheap.”
According to preliminary data from the Monetary Authority of Singapore, bank financing for stock purchases by retail investors rebounded in February after three consecutive months of declines.
Individuals pumped around S$2bil into equities in March, 50% more than the previous month, Singapore Exchange Ltd data showed.
The increase comes as the nation’s benchmark equity gauge registered its worst quarter since the global financial crisis. The SPDR Straits Times Index ETF, the largest Singapore-listed exchange-traded fund tracking the city-state’s stocks, saw net inflows of about S$247mil in the three months ended March 31, its largest quarterly boost since 2002, Bloomberg-compiled data showed.
“There are probably new and existing investors who aren’t leveraged who would definitely want to take advantage of the sell-off to buy shares, ” said Joel Ng, an analyst at KGI Securities (Singapore) Pte.
There are also some suggestions retail investors may be using their homes as collateral to borrow money.
David Gerald, founder of investor lobby group Securities Investors Association (Singapore), said he was aware that investors “may want to refinance their housing loans” in the low-rate environment to free up cash for equity investments. However, “investors should be cautious not to over-leverage” in volatile markets because they may face margin calls, he added.
Not everyone is joining the party. While share financing by banks rose in February, the amount decreased 11% when compared to a year ago. And according to Ng, margin calls “really intensified” in March, particularly for private-bank clients who were sold leveraged products or who took on debt to buy real-estate investment trusts.
Heng said he had a three- to-five-year horizon for his investments, and maintains he’s doing the math to make sure he can always cover the interest, which ranges from 1.38% to 2.03% on the credit cards.
Some of the shares he bought include Oversea-Chinese Banking Corp, which slumped 21% last quarter, Singapore Telecommunications Ltd, down 25%, and Mapletree Industrial Trust, which declined 6.5%.
Heng knows he’s taking a risk but he’s not too worried.
“For young people like us, even if you fail, you can make up the capital, ” he said. “If you have sufficient earning power, you should take a bit more risk.”
- Bloomberg
2020-04-06 17:31 | Report Abuse
Even if the death rate is very small, covid-19 got make the mkt chip
for the rich to buy shares chip n become richer !
Covid-19 is actually very good for the rich people like WB to become
richer !
2020-04-06 16:34 | Report Abuse
Please practice safety distance everywhere.
Safety distance ... the no. 1 law of good health for all now !
If we break this law, we got to pay with our life as forced by covid-19 !
2020-04-06 16:28 | Report Abuse
Pak Din, I am with U fighting against covid-19.
Kita akan bangkit semula !
Hidup Pak Din !
2020-04-06 15:48 | Report Abuse
SINGAPORE (April 6): Singapore announced S$5.1 billion ($3.55 billion) in additional economic spending such as wage support, waiver of levies and one-off payments to combat the coronavirus pandemic.
“This is an unprecedented budget for extraordinary times,” Finance Minister Heng Swee Keat told parliament on Monday, just over a week after the city-state unveiled more than $30 billion in new support measures as it braces for its worst recession.
On Friday, Singapore said it will close schools and most workplaces for a month as part of stricter measures to curb a recent jump in coronavirus infections. Singapore has reported a total of 1,309 infections and six deaths from the coronavirus.
Heng said the new measures unveiled in the third budget will increase the total spending on coronavirus relief to S$59.9 bln or 12% of gross domestic product (GDP). He said Singapore will draw an additional S$4 billion from its past reserves to fund the new measures.
“The situation remains highly fluid and uncertain. The government stands ready to provide further support should it become necessary,” Heng said.
Heng said Singapore’s overall budget deficit for financial year 2020 is expected to increase to S$44.3 billion, or 8.9% of GDP.
Ah Heng is going all out war against covid-19 ?
Our Pak Din is going to follow suit this evening at 4 pm TV time ?
2020-04-06 15:22 | Report Abuse
It looks like FOMO disease is spreading around the world now ?
I am worried I will be left behind !
What to do now ?
2020-04-06 15:14 | Report Abuse
Just buy a little bit, n U wont be left behind.
2020-04-06 14:12 | Report Abuse
Lousy ... ok so long it is not lousai !
2020-04-06 13:59 | Report Abuse
Mak Cik Kiah or Pak Din on TV showtime ?
2020-04-06 13:30 | Report Abuse
Please just ignore those few minute n tiny new cases with tiny economic loss !
China got far more important things to do.
2020-04-06 13:20 | Report Abuse
Buy on dips n sell on rally during mkt fluctuations ?
2020-04-06 13:18 | Report Abuse
In short, all players no make moni bcos they buy high n sell low.
To make esi moni, just buy low n sell high.
Now, is it low or high ?
2020-04-06 13:05 | Report Abuse
I think our Pak Din is doing a good job on Covid-19 n even prayed for us for all Malaysian well being.
He made sure no one is left behind like the Singaporean army actors !
2020-04-06 12:24 | Report Abuse
Masuk some pharma counters n U wont be left behind !
Pharma counters / glove counters ... strongly supported by covid-19
2020-04-06 12:22 | Report Abuse
U no have to target so high lah.
Pharma just simply got a lot of UPWARD expansion.
2020-04-06 12:19 | Report Abuse
SINGAPORE: Record low interest rates are tempting some retail investors in Singapore to load up on debt to buy shares, just as the coronavirus outbreak creates the most volatile markets since the global financial crisis.
Individuals pumped around S$2bil into equities in March, 50% more than the previous month, Singapore Exchange Ltd data showed.
https://klse.i3investor.com/blogs/kianweiaritcles/2020-04-06-story-h1485818118-Singapore_retail_investors_use_cheap_cash_to_load_up_on_stocks.jsp
It looks like Singaporean newbies got infected by FOMO disease now !
FOMO vs covid-19 ... who is the winner ?
2020-04-06 11:57 | Report Abuse
Trump Tells 3M to Stop Providing N95 Masks to Canada and Latin America.
All are fighting over medical protective products !
2020-04-06 11:49 | Report Abuse
Covid-19 is forced pushing UP Pharma ?
Can other similar counters follow suit ?
2020-04-06 11:46 | Report Abuse
All pharmacy counters ... good buy, supported by covid-19
Pharmacy businesses ... got lockdown during the MCO ?
Can we see doctors n buy medicines during MCO ?
2020-04-04 11:47 | Report Abuse
Accumulate bit by bit, please.
or buy on dips.
2020-04-04 11:37 | Report Abuse
I no know how to analyse n therefore offer no views.
But bcos of the worldwide spread of covid-19, all healthcare products are facing severe shortages like gloves, ventilators, medicines etc.
all healthcare counters ... BUY
2020-04-04 11:26 | Report Abuse
TA Securities' target price for Topglove is Rm5.88.
Is this target price a brilliant or a stupit one ?
2020-04-03 17:48 | Report Abuse
"These few months and at least the next six months will be an all-time high in terms of sales volume, revenue and profit."
2020-04-03 17:43 | Report Abuse
N-95 face masks made by 3M and other companies are in short supply among healthcare workers treating coronavirus patients.
2020-04-03 17:21 | Report Abuse
“I never believe that I know when’s the bottom, but I know things have gotten a lot cheaper and it’s reasonable to do some buying,” he said. “If it goes lower, do more buying.”
2020-04-03 16:41 | Report Abuse
President Trump on Thursday invoked the Defense Production Act against 3M, which gives the federal government more control over a company’s operations.
2020-04-03 16:39 | Report Abuse
3M CEO says demand for N95 masks exceeds capacity as Trump invokes Defense Production Act
2020-04-03 15:43 | Report Abuse
Vitamin C ... the true n effective way to treat Covid-19 !
2020-04-03 15:32 | Report Abuse
end of rebound = end of downtrend ?
2020-04-03 09:45 | Report Abuse
I am only half living !
2020-04-02 22:15 | Report Abuse
The whole world want gloves now !
2020-04-02 22:14 | Report Abuse
Glove counters ... the mkt darlings now. Everyone love them !
2020-04-02 21:13 | Report Abuse
Our mkt bottom is at klci 1207 pts on 19-3-2020 ? I think this is the mkt bottom ?
2020-04-02 12:41 | Report Abuse
Gloves are the hottest cakes of the world now !
Everybody want them !
2020-04-02 12:15 | Report Abuse
U can pick n choose the right time to masuk.
But sometimes, the boat$$$ wait for no man n U will be left behind.
2020-04-02 12:03 | Report Abuse
All healthcare stocks are the best stocks to fight against covid-19 ?
healthcare stocks + govt stimulus vs covid-19 Who is the winner ?
2020-04-02 11:46 | Report Abuse
Just buy some n keep, please. Thanks.
2020-04-02 11:44 | Report Abuse
KLCI rebound UP n DOWN on a UPTREND mode. Mkt bottom is oredi OVER. Please check it out yourself. Thanks.
2020-04-02 10:53 | Report Abuse
Our mkt bottom is at klci 1207 on 19-3-2020 ?
Mkt bottom is oredi far far OVER ?
Buy n keep ... the best strategy to make esi moni now ?
2020-04-01 11:12 | Report Abuse
Supermx
Reiterate OUTPERFORM.
TP is RM2.00 based 20x CY20 EPS of 10.0 sen (at +1.5SD above 5-year historical forward mean). We like Supermax because:
(i) the stock is trading at an unjustified 40% discount to peers’ average compared to a historical discount of 30%, and
(ii) it is a prime beneficiary of favourable USD/MYR forex trend since they do not hedge their sales receipts.
Source: Kenanga Research - 16 Mar 2020
Now U know, value of Supermx is 2 ringgit ! Covid-19 is an excellent boost to Supermx's business.
The more people got infected by covid-19, the better it is for Supermx's business !
Hidup Supermx !
2020-03-31 17:01 | Report Abuse
Buy some when its price dips n U wont be left behind the boat$$$.
2020-03-31 15:42 | Report Abuse
Top Glove (Outperform, TP: RM8.60):
Overwhelmed by international orders. Top Glove Corporation, expects a product shortage as demand from Europe and the US spikes because of the widening Covid-19 coronavirus outbreak is exceeding its capacity. Orders received in the past few weeks, mainly from Europe and the US, were almost double the company’s production capacity. This month, they stepped up their factory utilisation by 10% to 95% and expects to reach near maximum utilisation in April. (NST)
Source: PublicInvest Research - 30 Mar 2020
Topglove is worth Rm8.60.
Topglove is grossly undervalued now !
2020-03-31 15:17 | Report Abuse
Agreed. Buy when its price dips. Good strategy to apply on Topglove.
2020-03-31 15:15 | Report Abuse
Please look at Hai-0 chart now. What is its trend now ?
2020-03-31 12:44 | Report Abuse
U want life or U want moni ?
On healthcare products to maintain our life now, I choose life. I NO say I got weak purchasing power to purchase healthcare products to keep us healthy !
Blog: Once-in-a-decade opportunity, But who dares to buy?
2020-04-06 22:15 | Report Abuse
Mani countries oredi got started the un-lockdown mode or re-start economy mode now.