Ada covid pun allow to go back to work. Like this mana takda spreading leh. Apa punya policy change so drastic one. From zero case policy to ada covid pun can go to work kah. Haiyoh. Correct?
The Straits Times Index (SGX: ^STI), or STI, is a closely-watched barometer of market sentiment for Singapore stocks.
The bellwether index comprises 30 blue-chip companies listed on the Singapore Exchange (SGX: S68) with the largest market capitalisation.
Investors may be pleased to know that the STI has held up well this year, chalking up a small gain of 4.2% year to date.
Assuming an overall dividend yield of around 3%, this means that the index had returned around 7.2% thus far, handily beating the core inflation rate of 5.1% reported in October.
The STI’s performance stands in stark contrast to the performance of its counterparts in the US.
The tech-heavy NASDAQ Composite Index has plunged 33.4% year to date while the S&P 500 Index has declined by 20.3% year to date.
2023 promises to be an interesting year as businesses grapple with the twin worries of inflation and higher interest rates.
Could the STI pull off a good performance again next year? Let’s find out.
Ada covid pun allow to go back to work. Like this mana takda spreading leh. Apa punya policy change so drastic one. From zero case policy to ada covid pun can go to work kah. Haiyoh. Correct? ======
no worries la...China experimenting.......China so big can experiment...............anyway China know what they are doing and western reports very bias one.
HK takda foreign Fund enter back also not doing well leh. They last time moving out from HK ingat pun belum enter back leh. Western against China not very good to China n HK market leh. How can China prosper if Angmoh still kacau kacau them leh. Spore benefited more than HK as you can see SGX this year ada up and HSI turun alot in 2022 leh. Haiyoh.. Correct?
Hot money is flowing out of China at the fastest pace since the exodus that followed the market plunge in 2015, while foreign brokers in Hong Kong are also pulling out big time, Chinese hedge fund Grow Investment group said in a report. Mainland Chinese funds, meanwhile, have been buying stocks listed in Hong Kong to counter the speculative outflows, strategist Hong Hao said in the report, while others have ploughed a record amount of cash into the city’s largest exchange-traded fund. “With many market indicators at their historical extremes, the difference between buy and sell can be nuanced,” he added. As speculative weak hands exit from local markets, “what is left is the strong hands with holding power.”
That movement of funds did not give the market any traction in Monday trading. The Hang Seng Index completed its worst month since the 2008 financial crisis, and the Shanghai Composite Index extended its losing streak to four months, burning a combined US$5.4 trillion of equity wealth on mainland and Hong Kong bourses this year.
Goldman Sachs estimated global active managers have net-sold US$30 billion worth of Chinese equities across markets in the mainland, Hong Kong and New York over the past year. Another US$100 billion to US$200 billion could be at risk if these investors lowered their allocations “meaningfully”, it added. “Our tentative knife-catching trade suffered a small loss of less than 1 per cent and was stopped out,” Hong added, without disclosing what the firm bought in its buy recommendations. “Nonetheless, losing money never feels good.”
Hot money, or speculative cross-border fund flows that cannot be explained by financial or capital account, exited the onshore market by an amount second only to levels seen after the 2015 bubble burst, Hong said. Even so, the impact is less significant given the growth in China’s economy and market capitalisation over the past seven years.
We don’t have strong R&D. How to compete with advanced countries? So we are stuck in middle income country.
Posted by brightsmart > 55 minutes ago | Report Abuse
from poor country to middle country to advanced country.
the path is agriculture to simple manufacturing to advanced manufacturing
malaysia is stuck at middle income country with simple manufacturing....our best manufacturing companies only do manufacturing for others such as oSAT, outsourced semi conductor assembly and testing, or EMS.....electrical/ electronic manufacturing services......................................................... there is no path where malaysia can go beyond this ...China already moving out of this.
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can unity government find a path to advanced manufacturing with own patents, own science and technology, own customers?................................... the only one I can think of in malaysia is Vitrox
We don’t have strong R&D. How to compete with advanced countries? So we are stuck in middle income country. In order to have strong manufacturing, we need strong R&D. In order to have strong R&D, we need to have a strong highly educated university workforces. Our university… what standing in the world? Lemah lah??? Sad
We need Strong in education, …we needs population who wants to compete with the best in the world. This fighting spirit can’t be forced by government lah. It’s the effort of our population lah. Can’t blame our government.
Our government only need to make sure no corruptions and govern well only. You want government to produce highly educated people? If our people don’t want to study, how you are going to force them?
Our people very happy go lucky type. Good in hospitality businesses. Good in entertainment or singing businesses. Good in cooking or food businesses. Not good in high tech businesses. All depends on our people effort to study high tech and mastering high tech which we lack of. Our country every year singing competition, every year maharaja lawak competitions. Glorifying actors and actresses. Any award glorifying scientists???
Haiyoh day by day waiting bursa to improve. Day by day investor n kakijudi is getting more tired wtg. Only can grumble why Bursa so lousy. Chg PM 4 kali still go nowhere lagi. Haiyoh. Correct?
Short Sellers Gain Nearly $304 Billion After Tumble in U.S. Stocks Reuters2022-12-22 14:15 DJIA +1.60% NASDAQ +1.54% This year's steep decline in U.S. equities is juicing the returns of short sellers, who are on track for their first yearly gain since 2018 thanks in part to bets against shares of Tesla, Amazon.com and other megacap growth stocks that have led markets higher for years.
Short sellers - investors who bet on declines in a company's share price - are sitting on $303.7 billion in realized and unrealized gains, a fourfold increase compared with 2018, their last profitable year, data from analytics firm S3 Partners showed. That works out to a 31.2% return on total average short interest of $973.6 billion throughout the year, according to S3 Partners.
Bets against electric-vehicle maker Tesla Inc lead the pack in terms of dollar gains, with investors seeing $15 billion in realized and unrealized profits on some $19.3 billion of shares sold short. Shares of the electric carmaker, whose meteoric rally over the last few years has burned many bearish investors, are down roughly 60% year-to-date.
Other top winners for shorts include Amazon, Meta Platforms, Apple Inc and used car seller Carvana Co, S3 data showed. The S&P 500 is down almost 19% this year and on track for its biggest yearly percentage loss since 2008 after the Federal Reserve's most aggressive rate increases in decades dried up risk appetite.
This year "was easier for shorting because the economic environment felt like a headwind to the whole market, instead of the tailwind seen in previous years," said Moez Kassam, portfolio manager at long-short hedge fund firm Anson Funds, which oversees around $1.7 billion and posted a 4.9% gain through November. "Shorts have been impossible for years," he said.
Among the fund's top positions were bets against biotech company Novavax Inc, which fell over 90% year-to-date, and electric-vehicle maker Rivian Automotive Inc, down roughly 80%.
Stanphyl Capital portfolio manager Mark Spiegel, who has been short Tesla "constantly, in varying size" since 2014, said a bet against Tesla was his fund's most profitable individual short position this year. The $18 million fund is up roughly 60% in 2022. Tesla's shares are up 1,271% since 2014.
While higher interest rates have punished growth stocks, some investors believe Tesla CEO Elon Musk's purchase of Twitter is diverting his time running the electric car company. Musk's Tesla share sales have also weighed on the stock, and investors have been watching for signs that consumer demand for electric vehicles is cooling.
Spiegel has maintained his bearish bets against Tesla, believing the stock has a long way to go before reaching a fair price.
The last several years haven’t been kind to bearish investors. Shorts lost $142.4 billion in 2021, a year when huge rallies in so-called meme stocks such as GameStop hurt several firms that had bet against GameStop and similar companies. They took a $241.7 billion hit in 2020, when the Fed cut rates to historic lows in response to the COVID-19 pandemic, sparking a massive rally in markets.
kyy just me why I don't buy his XXXXXXXX.............I say most of my money in HK. From low of 14500 to now 20000 Hang Seng index also up 40%. And will do well to Chinese new year rally...................................................... Malaysia change PM several times but will remain middle country next 10 years.....after a while people also give up gambling.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UlarSawa
35,552 posts
Posted by UlarSawa > 2022-12-22 11:11 | Report Abuse
Ada covid pun allow to go back to work. Like this mana takda spreading leh. Apa punya policy change so drastic one. From zero case policy to ada covid pun can go to work kah. Haiyoh. Correct?