SGX Insider & Substantial Shareholder Activity from 01 - 05 Dec 07

Here are some of the more significant Insider and Substantial Shareholder transactions reported on the SGX (extracted from the emailed file) over the past week :

CHINACAST COMM HLDGS LTD\Subst Shrhdr\22-Dec-06\Intel Corporation\Sales in Open Market at Own Discretion\-22222918

DEVOTION ECO-THERMAL LIMITED\Subst Shrhdr\29-Dec-06\London Asia Capital PLC\Private Placement\10000000

EZRA HOLDINGS LIMITED\Subst Shrhdr\3-Jan-07\Temasek Holdings (Private) Limited\Open Market Purchase\18132960

FIRST ENGINEERING LTD\Subst Shrhdr\3-Jan-07\AFFINITY ASIA PACIFIC FUND II LP\Open Market Purchase\870000

FIRST ENGINEERING LTD\Subst Shrhdr\1-Jan-07\Neon Liberty Capital Management LLC\Sales in Open Market at Own Discretion\-6796000

HOTUNG INVESTMENT HLDGS LTD\Subst Shrhdr\29-Dec-06\Third Avenue Management LLC\Open Market Purchase\11085000

JASPER INVESTMENTS LIMITED\Subst Shrhdr\4-Jan-07\United Overseas Bank Limited\Sales in Open Market at Own Discretion\-250000000

JASPER INVESTMENTS LIMITED\Subst Shrhdr\28-Dec-06\United Overseas Bank Limited\Sales in Open Market at Own Discretion\-81089000

JAYA HOLDINGS LTD\Subst Shrhdr\29-Dec-06\Affinity Asia Pacific Fund II LP\Open Market Purchase\14572096

LONGCHEER HOLDINGS LIMITED\Subst Shrhdr\4-Jan-07\JF Asset Management (Singapore) Limited\Purchase and sales of shares.\4650000

ROLY INTERNATIONAL HLDGS LTD\Subst Shrhdr\29-Dec-06\Moon Capital Management LP\Open Market Purchase\4050000

SAPPHIRE CORPORATION LIMITED\Subst Shrhdr\4-Jan-07\UNITED OVERSEAS BANK LIMITED (UOB)\Sales in Open Market at Own Discretion\-52214000

SAPPHIRE CORPORATION LIMITED\Subst Shrhdr\4-Jan-07\NIPPON PAINT (H.K.) CO. LTD\Sales in open market by Yenom Holdings Pte Ltd\-84954074

SARIN TECHNOLOGIES LTD\Subst Shrhdr\4-Jan-07\Chartered Asset Management Pte Ltd\Open Market Purchase\2000000

SEMBCORP MARINE LTD\Subst Shrhdr\26-Dec-06\Temasek Holdings (Private) Limited\Sales in Open Market at Own Discretion\-1150000

SEMBCORP MARINE LTD\Subst Shrhdr\22-Dec-06\Temasek Holdings (Private) Limited\Open Market Purchase\348000

VENTURE CORPORATION LIMITED\Subst Shrhdr\27-Dec-06\Templeton Investment Counsel LLC (TICLLC)\Open Market Purchase\90000

YELLOW PAGES(SINGAPORE)LIMITED\Subst Shrhdr\3-Jan-07\Global Advisory Group Pte Ltd\Purchased of shares on 3 January 2007\386000

YELLOW PAGES(SINGAPORE)LIMITED\Subst Shrhdr\29-Dec-06\Global Advisory Group Pte Ltd\Purchased of shares on 29 December 2006.\326000


Mixed economic reports for the U.S. came in over the past week - good news on the inflation front, but there were soft economic reports. The PPI reading for November increased by 2.0% (a 1.6% drop in Oct).

The year-over-year change in the core PCE deflator dipped to 2.2%, showing that inflation has decreased.

The November durable goods orders jumped 1.9%, but excluding transportation the change was a weaker than expected -1.1%. The underlying trends in orders are also weak with the year-over-year increase in total orders now just 0.3%. This was in-line with the large drop in the Dec Philly Fed Index from 5.1 (Nov 06) to -4.3 (Dec 06) that reflected a declining manufacturing sector.

On the technical side of things, the low reading in Market Breath Oscillator suggests that the probability of a one-day (or more) bounce in the US Market is high.

The 2380-2400 support zone for the NASDAQ Composite Index is still holding up, but its movement over the past week showed uncertainty. The weekly chart of the QQQQ (the exchange traded fund that mirrors the NASDAQ Index) has broken below its 10 week average but is still holding up at the moment.

Have a good week!