SGX Insider & Substantial Shareholder Activity from 27 Nov - 01 Dec 06

Some of significant change of beneficial ownership transactions reported on the SGX for the past week:

China Petrotech, 28 Nov 06, Deutsche Bank, Sold 315,000 Shares
China Petrotech, 23 Nov 06, Deutsche Bank, Sold 1,620,400 Shares
Hotung Investment Holdings, 27 Nov 06, Third Avenue LLC Bot 8,028,000 Shares
Noble Group, 29 Nov 06, Merrill Lynch Int'l Bank, Bot 1,000,000 Shares
Olam Int'l, 27 Nov 06, The Capital Group Companies, Bot 14,246,000 Shares
SMRT Corp, 28 Nov 06, Temasek Holdings, Sold 345,000 Shares
Spindex Industries Ltd, 23 Nov 06, Chartered Asset Mgmt Sold 1,129,000
Starhub Ltd, 28 Nov 06, Temasek Holdings Sold 16,736,8119 Shares

Nothing much has been happening over the past week except the MAS warning of a possible correction of the global equity markets. The disposal of a large amount of Starhub shares by Temasek looks interesting...

The US Market had a down week overall but is still not confirming any sort of downtrend. The FTSE remains in oversold region while the Nikkei advanced for three straight days last week and is now at short-term overbought levels. So the regional indices dont seem to be providing much of a clue of future direction. The 2,400 mark seems to be the key threshold level for the NASDAQ composite.

The housing market in the US continues to fall; inventories of homes for sale is rising, about 3% of sub-prime mortgages have become delinquent, late installment payments are increasing, residential fixed investment has dropped by more than 10% (which has led to recessions in the past).

Other items include:- the ISM index is below 50 for the first time in 22 months, suggesting a slowdown in manufacturing activity in the US- raw material prices are low but producers are increasing prices. (Most likely to maintain their profit margin by raising prices to offset rising wages)

Hv a good week.