Philip Chua Business Blog

Posts Tagged ‘cannot’

(SINGAPORE) The stock market in 2009 may have regained much of the ground lost during the US sub-prime bear market of 2008, but the same cannot be said of the structured warrants market.

There, turnover last year sank to $10.9 billion, down by half from 2008 and by 61 per cent from 2007’s all-time high of $28 billion.

Such has been the drop in interest that the once-promising segment’s 2009 tu… more

The DXY does not mirror the United States trade position in the global economy. It is heavily weighted to Europe, undervalues the Canadian Dollar, ignores South Korea Taiwan and by necessity China. A firm cannot settle a trade flow in the DXY nor is it particularly useful as a hedge…

It is understandable that the world should look for a new economic savior but China cannot support the global economy on her shoulders alone. If lower consumption and GDP have really arrived in the United States, they will not be far behind in China.

Bouncing from 78.6% Fibonacci retracement support, quickly correcting the oversold situation. Hopefully the rally will run out of steam here, first resistance around 92.00. However, holiday-thin conditions this week mean we cannot rule out a fairly large ‘extension’ higher. Worryingly, at-the-money implied volatility has not increased, holding around the average…

‘WE cannot afford to have investors think the stock market is an extremely safe place where you’re sure to make money. Because it’s not – whatever we do, you can’t ensure that.’
This was said by then-deputy prime minister Lee Hsien Loong eight-and-a-half years ago in an interview with BT. It was March, 2001. 9/11 was still a fiendish plot in the making and Enron was still on Fortune magazine’s ‘10… more

INVESTORS in Singapore cannot be blamed for looking enviously at the red-hot Hong Kong and Shanghai stock markets where, as the global financial crises begins to fade, the initial public offering (IPO) fever has spread like wildfire.
Considering that a large number of mainland firms are listed here, many find it surprising that the China IPO frenzy has failed to catch on.
Only a handful of listing… more