Home
Goals
- My Goals
- My Life's Goals
Net Worth
Holdings
- REITs
- Stocks
About Me

Singapore Stock Market Summary (AUG15)

by Dream Chaser Monday, August 24, 2015 SG Market Summary

Wow...

Although i have talked about a possible correction in my Singapore Stock Market Summary (JUL), I am at a loss for words at the sudden global meltdown and sell-off !

It all started with China's sudden devaluation of its currency to make itself more competitive in the global market. This sparked a mini sell off from its over-inflated stock market.

Coupled by the potential rise in interest rates, we see hot money fleeing from the emerging markets - out of the countries that need it most.

The combination of an already weak global market, low oil prices and prolonged slowdown from China, this triggered a global sell-off. The reverberations from the US and China are felt all the way in the Singapore Markets.

For those who are heavily vested, at the highs, this would be really painful news (i have been in this position in 2011). But if you have been silently watching on the sidelines and growing your war chest, you would be happy that this presents a great opportunity to enter the market.

Many companies with strong underlying fundamentals and resilient management teams will weather the storm and present great opportunities for bottom fishing, when the sell off has bottomed out.

With this, here are the stocks currently in my watch list:

OCBC
M1
Sembcorp Industry
Keppel Corp
SMRT

Yours,
Dream Chaser

Singapore Stock Market Summary (JUL15)

by Dream Chaser Monday, August 03, 2015 SG Market Summary

In my previous SG Stock Market Summary in April, the STI closed above its high of 3,500 points. Although the market was experiencing its highs back in April, i cautioned that perhaps it is time that a crash/correction may happen.

Fast forward to the end of July, the Straits Times Index closed just above the 3,200 resistance on the 31-JUL. I will not be surprised if it breaks this psychological resistance and goes further on a downward trend.

Personally, i feel that the catalyst of the fall is a culmination of a weak Chinese market, the instability of the Euro from the Greek crisis and the potential interest rates revision by the fed. Closer to our hearts, the Singapore market is experiencing stagnation and contraction. In the most recent report released in Q2 suggests that the Singapore’s economy fell at a seasonally adjusted annualized rate (SAAR) of 4.6%.

Is this a sign of tougher times to come ?.

From a consumer point of view, i have also personally noticed several F&B outlets and businesses closing in the malls that i frequent. As a reflection of this difficult business environments, our stock market has also had some corrections and several of the STI components have started to show signs of price weakness. If you have been patiently waiting, as i have been, it will soon be our time to pick up the bargains.

Let me know your thoughts...

Yours,

Dream Chaser

Singapore Stock Market Summary (APR15)

by Dream Chaser Thursday, April 23, 2015 SG Market Summary

The Straits Times Index has closed about 3,500 points for the first time since December 2007. This represents a close to seven year high for the index that represents the Singapore's stock market. With this piece of information, we could agree on two things.

1) In general, the market has been on a bullish trend since the global financial crisis in 2008.

2) There will be a time when a crash/correction happens.

During the earlier years, I have personally experienced buying into a stock during a bullish trend. You will feel an air of invincibility and whatever you touch (or sell), turns to gold. This is a dangerous mentality to follow, especially if you are not disciplined or highly leveraged. It is worst if you are unable to monitor the market on a consistent basis, as this will usually translate to heavy losses during a market crash or downturn.

Since we are on the topic of a crash, it is always good to have a ready war chest ($$) at your disposal in the event that opportunities arise. Since the stock market is pretty much cyclical in nature and what goes up must eventually come down. I have kept aside a reasonable amount of cash for this purpose and retained the rest in dividend generating equities in anticipation of such an opportunity. On the flip side, if this bull run is prolonged, then my dividend yielding stocks will continue to provide a passive income stream.

Once again, my philosophy is to adopt a long term approach to investing.

Let me know your thoughts...

Yours,

Dream Chaser