SGX Insider and Substantial Shareholders Transactions 12-23 Feb 2007 & Market Commentary

Hi, here are the more significant insider and substantial shareholder(s) transactions over the past 2 weeks:-

ADV INTEGRATED MFG CORP LTD/ Director/ 16-Feb-07/ Dr Tan Kim Yong/ Open Market Purchase/ 432000

ADV INTEGRATED MFG CORP LTD/ Director/ 15-Feb-07/ Dr Tan Kim Yong/ Open Market Purchase/ 405000

APEX-PAL INTERNATIONAL LTD/ Director/ 22-Feb-07/ Douglas Foo Peow Yong/ Open Market Purchase/ 2685000

ASCENDAS REAL ESTATE INV TRUST/ Subst Shrhdr/ 2-Feb-07/ The Capital Group Companies Inc. (CGC)/ Sales in Open Market/ -5633850

ASIAN MICRO HOLDINGS LTD/ Director/ 15-Feb-07/ Lim Kee Liew/ Open Market Purchase/ 3336000

ASIAN MICRO HOLDINGS LTD/ Director/ 14-Feb-07/ Lim Kee Liew/ Open Market Purchase/ 742000

ASIATRAVEL.COM HOLDINGS LTD/ Subst Shrhdr/ 5-Feb-07/ Vision Capital Pte Ltd/ Married Deal/ 13792000

ASIATRAVEL.COM HOLDINGS LTD/ Subst Shrhdr/ 5-Feb-07/ Arisaig ASEAN Fund Limited/ Sales in Open Market/ -14792000

AUSSINO GROUP LTD/ Subst Shrhdr/ 16-Feb-07/ Arisaig ASEAN Fund Limited/ Open Market Purchase/ 1755000

AUSSINO GROUP LTD/ Subst Shrhdr/ 15-Feb-07/ Arisaig ASEAN Fund Limited/ Open Market Purchase/ 2057000

AUSSINO GROUP LTD/ Subst Shrhdr/ 9-Feb-07/ Arisaig ASEAN Fund Limited/ Open Market Purchase/ 236000

BANYAN TREE HOLDINGS LIMITED/ Subst Shrhdr/ 9-Feb-07/ The Capital Group Companies Inc/ Open Market Purchase/ 5793000

BANYAN TREE HOLDINGS LIMITED/ Subst Shrhdr/ 7-Feb-07/ Liberty Square Asset Management LP/ Sales in Open Market/ -1062000

BIO-TREAT TECHNOLOGY LIMITED/ Subst Shrhdr/ 2-Feb-07/ Templeton Worldwide Inc./ Open Market Purchase/ 9781000

CAMBRIDGE INDUSTRIAL TRUST/ Subst Shrhdr/ 25-Jul-06/ The Capital Group Companies Inc/ IPO/ 26470000

CAMBRIDGE INDUSTRIAL TRUST/ Subst Shrhdr/ 7-Feb-07/ Brilliant Manufacturing Limited/ Sales in open market./ -2600000

CAMBRIDGE INDUSTRIAL TRUST/ Subst Shrhdr/ 5-Feb-07/ Brilliant Manufacturing Limited/ Sales in open market./ -2300000

CAMBRIDGE INDUSTRIAL TRUST/ Subst Shrhdr/ 5-Feb-07/ Brilliant Manufacturing Limited/ Sales in open market./ -2300000

CAPITACOMMERCIAL TRUST/ Director/ 6-Feb-07/ Liew Mun Leong DBS Nominees (Private) Limited/ Sales in open market./ -200000

CAPITALAND LIMITED/ Director/ 23-Feb-07/ Hsuan Owyang/ Sales in open market./ -50000

CAPITALAND LIMITED/ Director/ 23-Feb-07/ Liew Mun Leong/ Sales in open market./ -400000

CAPITALAND LIMITED/ Director/ 22-Feb-07/ Liew Mun Leong/ Sales in open market./ -400000

CAPITALAND LIMITED/ Subst Shrhdr/ 16-Feb-07/ Temasek Holdings (Private) Limited/ Sales in open market./ -15029636

CAPITALAND LIMITED/ Director/ 15-Feb-07/ Lim Chin Beng Lim Chin Beng/ Sales in open market./ -99600

CAPITALAND LIMITED/ Director/ 14-Feb-07/ Lim Chin Beng Lim Chin Beng/ Sales in open market./ -100000

CAPITAMALL TRUST/ Subst Shrhdr/ 15-Feb-07/ Temasek Holdings (Private) Limited (Temasek)/ Sales in open market./ -14818612

CAPITAMALL TRUST/ Director/ 12-Feb-07/ Olivier Lim Tse Ghow Olivier Lim Tse Ghow/ Sales in open market./ -242000

CAPITAMALL TRUST/ Director/ 6-Feb-07/ Liew Mun Leong Ng Lai Peng/ Sales in open market./ -300000

CAPITARETAIL CHINA TRUST/ Subst Shrhdr/ 12-Feb-07/ The Capital Group Companies Inc./ Open Market Purchase/ 8684700

CDL HOSPITALITY TRUSTS/ Subst Shrhdr/ 7-Feb-07/ Morgan Stanley/ Sales in open market./ -3383000

CHINA LIFESTYLE F&B GROUP LTD/ Subst Shrhdr/ 14-Feb-07/ Orange Capital LLC/ Open Market Purchase/ 500000

CHINA LIFESTYLE F&B GROUP LTD/ Subst Shrhdr/ 13-Feb-07/ Orange Capital LLC/ Open Market Purchase/ 1000000

CHINA LIFESTYLE F&B GROUP LTD/ Subst Shrhdr/ 6-Feb-07/ Value Partners Limited/ Sales in open market./ -4749000

CHINA LIFESTYLE F&B GROUP LTD/ Subst Shrhdr/ 5-Feb-07/ Orange Capital LLC/ Open Market Purchase/ 1000000

CHINA PETROTECH HOLDINGS LTD/ Subst Shrhdr/ 5-Feb-07/ Deutsche Bank AG/ Sales in open market./ -500000

CHINA PRECISION TECHNOLOGY LTD/ Director/ 21-Feb-07/ PROFESSOR WEE CHOW HOU/ Open Market Purchase/ 170000

CHINA PRECISION TECHNOLOGY LTD/ Director/ 16-Feb-07/ PROFESSOR WEE CHOW HOU/ Open Market Purchase/ 80000

CHIP ENG SENG CORPORATION LTD/ Subst Shrhdr/ 21-Feb-07/ KWEK LEE KEOW/ Open Market Purchase/ 500000

CHIP ENG SENG CORPORATION LTD/ Director/ 21-Feb-07/ LIM TIAM SENG/ Open Market Purchase/ 500000

CHIP ENG SENG CORPORATION LTD/ Director/ 21-Feb-07/ LIM TIANG CHUAN/ Open Market Purchase/ 500000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 14-Feb-07/ United Overseas Bank Limited/ Open Market Purchase/ 150000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 14-Feb-07/ UOB Asset Management Ltd/ Open Market Purchase/ 150000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 13-Feb-07/ FMR Corp/ Sales in Open Market/ -4562000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 12-Feb-07/ FMR Corp/ Sales in Open Market/ -635000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 12-Feb-07/ FMR Corp/ IPO/ 31957000

CYBER VILLAGE HOLDINGS LIMITED/ Director/ 15-Feb-07/ Lee Yuen Wai/ Open Market Purchase/ 500000

DIGILAND INTERNATIONAL LTD/ Director/ 15-Feb-07/ Dr. Philip Poh Siew Chuan/ Open Market Purchase/ 756000

DIGILAND INTERNATIONAL LTD/ Director/ 13-Feb-07/ Dr. Philip Poh Siew Chuan/ Open Market Purchase/ 104000

DIGILAND INTERNATIONAL LTD/ Director/ 15-Feb-07/ Dr. Philip Poh Siew Chuan/ Open Market Purchase/ 3000000

DIGILAND INTERNATIONAL LTD/ Director/ 9-Feb-07/ Dr. Philip Poh Siew Chuan/ Open Market Purchase/ 250000

FALMAC LIMITED/ Subst Shrhdr/ 2-Feb-07/ United Overseas Bank Limited/ Sales in Open Market/ -1800000

FERROCHINA LIMITED/ Subst Shrhdr/ 6-Feb-07/ JF Asset Management (Singapore) Limited/ Sales in Open Market/ -5687000

FERROCHINA LIMITED/ Subst Shrhdr/ 5-Feb-07/ JF Asset Management (Singapore) Limited/ Open Market Purchase/ -5956000

FIRST ENGINEERING LTD/ Subst Shrhdr/ 13-Feb-07/ Emerging Markets Global Small Capitalization Fund/ M&A/ -10687000

GLOBAL VOICE GROUP LIMITED/ Subst Shrhdr/ 21-Feb-07/ ABN AMRO Bank N.V. London Branch/ Open Market Purchase/ 125366000

GOODPACK LIMITED/ Subst Shrhdr/ 13-Feb-07/ T. Rowe Price Associates Inc/ Open Market Purchase/ 711000

HIAP SENG ENGINEERING LTD/ Subst Shrhdr/ 9-Feb-07/ Prudential Asset Management (S) Ltd/ Sales in Open Market/ -700000

HIAP SENG ENGINEERING LTD/ Subst Shrhdr/ 7-Feb-07/ Prudential Asset Management (S) Ltd/ Open Market Purchase/ 784000

HOE LEONG CORPORATION LTD./ Subst Shrhdr/ 5-Feb-07/ Tat Hong Holdings Ltd/ Sales in Open Market/ -2983000

HONGGUO INTL HOLDINGS LIMITED/ Subst Shrhdr/ 12-Feb-07/ FMR Corp/ Open Market Purchase/ 369000

HONGGUO INTL HOLDINGS LIMITED/ Subst Shrhdr/ 6-Feb-07/ FMR Corp/ Open Market Purchase/ 961000

HTL INT'L HOLDINGS LIMITED/ Subst Shrhdr/ 15-Feb-07/ FMR Corp/ Open Market Purchase/ 363000

HTL INT'L HOLDINGS LIMITED/ Subst Shrhdr/ 2-Feb-07/ FMR Corp/ Sales in Open Market/ -190000

INTER-ROLLER ENGINEERING LTD/ Subst Shrhdr/ 16-Feb-07/ Lion Capital Management Limited/ Sales in Open Market/ -890000

INTER-ROLLER ENGINEERING LTD/ Subst Shrhdr/ 15-Feb-07/ Lion Capital Management Limited/ Open Market Purchase/ 806000

INTER-ROLLER ENGINEERING LTD/ Subst Shrhdr/ 7-Feb-07/ Winmark Investments Pte Ltd/ Sales in Open Market/ -200000

JURONG TECH IND CORP LTD/ Subst Shrhdr/ 15-Feb-07/ FMR Corp/ Open Market Purchase/ 2000000

KODA LTD/ Subst Shrhdr/ 9-Feb-07/ Blackhorse Asset Management Pte Ltd/ Open Market Purchase/ 178000

LANDWIND MEDICAL HOLDINGS LTD/ Subst Shrhdr/ 7-Feb-07/ Echo Investment Holdings Limited/ Open Market Purchase/ 3615878

LANDWIND MEDICAL HOLDINGS LTD/ Subst Shrhdr/ 5-Feb-07/ Echo Investment Holdings Limited/ Open Market Purchase/ 4589000

LIFEBRANDZ LTD./ Subst Shrhdr/ 9-Feb-07/ Ang Yee Lim/ Sales in Open Market/ -5000000

LIFEBRANDZ LTD./ Director/ 12-Feb-07/ Thomas Carlton Thompson 3rd/ Sales in Open Market/ -1400000

LIFEBRANDZ LTD./ Director/ 7-Feb-07/ Thomas Carlton Thompson 3rd/ Sales in Open Market/ -600000

LIFEBRANDZ LTD./ Director/ 6-Feb-07/ Thomas Carlton Thompson 3rd/ Sales in Open Market/ -1500000

LMA INTERNATIONAL N.V./ Director/ 16-Feb-07/ Col. (Ret) Wong Cheong Fook David/ Open Market Purchase/ 20000

LMA INTERNATIONAL N.V./ Director/ 21-Feb-07/ John Lim Kok Min/ Open Market Purchase/ 25000

LMA INTERNATIONAL N.V./ Director/ 16-Feb-07/ John Lim Kok Min/ Open Market Purchase/ 55000

LMA INTERNATIONAL N.V./ Director/ 14-Feb-07/ Chew Heng Ching/ Open Market Purchase/ 30000

LMA INTERNATIONAL N.V./ Director/ 12-Feb-07/ Col. (Ret) Wong Cheong Fook David/ Open Market Purchase/ 20000

LMA INTERNATIONAL N.V./ Director/ 13-Feb-07/ John Lim Kok Min/ Open Market Purchase/ 25000

LMA INTERNATIONAL N.V./ Director/ 13-Feb-07/ Chew Heng Ching/ Open Market Purchase/ 30000

LMA INTERNATIONAL N.V./ Director/ 12-Feb-07/ Michael Ashton/ Open Market Purchase/ 500000

LMA INTERNATIONAL N.V./ Director/ 9-Feb-07/ John Lim Kok Min/ Open Market Purchase/ 100000

LONGCHEER HOLDINGS LIMITED/ Subst Shrhdr/ 12-Feb-07/ JF Asset Management (Singapore) Limited/ Sales in Open Market/ -2785000

LONGCHEER HOLDINGS LIMITED/ Subst Shrhdr/ 9-Feb-07/ JF Asset Management (Singapore) Limited/ Sales in Open Market/ -4150000

MACQUARIE MEAG PRIME REIT/ Subst Shrhdr/ 2-Feb-07/ Macquarie Bank Limited/ Open Market Purchase/ 3451000

MAGNECOMP INTERNATIONAL LTD/ Subst Shrhdr/ 16-Feb-07/ Thai Focused Equity Fund Ltd./ Open Market Purchase/ 5901000

MANHATTAN RESOURCES LIMITED/ Subst Shrhdr/ 23-Feb-07/ Tan Kwee Hiang/ Married Deal/ -9398090

MANHATTAN RESOURCES LIMITED/ Subst Shrhdr/ 23-Feb-07/ Chong Thim Pheng Winstedt/ Married Deal/ -22601910

MAPLETREE LOGISTICS TRUST/ Subst Shrhdr/ 14-Feb-07/ UBS AG/ Open Market Purchase/ 5153000

MAPLETREE LOGISTICS TRUST/ Subst Shrhdr/ 12-Feb-07/ UBS AG/ Sales in Open Market/ -800000

MMI HOLDINGS LTD/ Subst Shrhdr/ 5-Feb-07/ Wasatch Advisors Inc./ Sales in Open Market/ -6123895

OMEGA NAVIGATION ENT/ Subst Shrhdr/ 30-Jan-07/ PMA Capital Management Limited/ Sales in Open Market/ -68900

PACIFIC SHIPPING TRUST/ Subst Shrhdr/ 14-Feb-07/ Temasek Holdings (Private) Limited (Temasek)/ Sales in Open Market/ -2550000

PACIFIC SHIPPING TRUST/ Subst Shrhdr/ 9-Feb-07/ DBS Asset Management Ltd (DBSAM)/ Sales in Open Market/ -2700000

POPULAR HOLDINGS LIMITED/ Subst Shrhdr/ 2-Feb-07/ CAM-GTF LIMITED/ Sales in Open Market/ -2942000

POPULAR HOLDINGS LIMITED/ Subst Shrhdr/ 2-Feb-07/ Chartered Asset Management Pte Ltd/ Sales in Open Market/ -3809000

SEMBAWANG KIMTRANS LTD/ Subst Shrhdr/ 8-Feb-07/ Tan Choon Hock/ Sales in Open Market/ -600000

SEMBAWANG KIMTRANS LTD/ Subst Shrhdr/ 8-Feb-07/ Tan Choon Hock/ Sales in Open Market/ -400000

SEMBAWANG KIMTRANS LTD/ Subst Shrhdr/ 7-Feb-07/ Tan Choon Hock/ Sales in Open Market/ -1820000

SEMBCORP MARINE LTD/ Subst Shrhdr/ 9-Feb-07/ Temasek Holdings (Private) Limited (Temasek)/ Sales in Open Market/ -400000

SINGAPORE PETROLEUM CO LTD/ Subst Shrhdr/ 8-Feb-07/ Temasek Holdings (Private) Limited (Temasek)/ Sales in Open Market/ -573000

SINGAPORE POST LIMITED/ Subst Shrhdr/ 2-Feb-07/ The Capital Group Companies Inc./ Open Market Purchase/ 24702000

SINGAPORE TECH ENGINEERING LTD/ Subst Shrhdr/ 15-Feb-07/ Temasek Holdings (Private) Limited (Temasek)/ Sales in Open Market/ -17597020

SINWA LIMITED/ Subst Shrhdr/ 16-Feb-07/ United Overseas Bank Limited (UOB)/ Sales in Open Market/ -500000

SINWA LIMITED/ Subst Shrhdr/ 14-Feb-07/ UOB Asset Management Ltd/ Open Market Purchase/ 2000000

TAI SIN ELECTRIC CABLES MFGLTD/ Director/ 21-Feb-07/ CHOO WEI LOON/ Sales in Open Market/ -200000

TAI SIN ELECTRIC CABLES MFGLTD/ Director/ 15-Feb-07/ LAI KON SENG/ Sales in Open Market/ -250000

TAI SIN ELECTRIC CABLES MFGLTD/ Director/ 15-Feb-07/ LEE KHAI CHONG ERIC/ Sales in Open Market/ -10000

TAI SIN ELECTRIC CABLES MFGLTD/ Director/ 12-Feb-07/ LEE KHAI CHONG ERIC/ Sales in Open Market/ -43000

TECHCOMP (HOLDINGS) LIMITED/ Subst Shrhdr/ 14-Feb-07/ Prudential Asset Management (Singapore) Limited/ Sales in Open Market/ -82000

TMC EDUCATION CORPORATION LTD/ Subst Shrhdr/ 12-Feb-07/ Chew Heng Ching/ Sales in Open Market/ -103000

TUNG LOK RESTAURANTS 2000 LTD/ Subst Shrhdr/ 23-Feb-07/ MR OEI HONG LEONG/ Sales in Open Market/ -20000000

UOL GROUP LIMITED/ Director/ 22-Feb-07/ Wee Cho Yaw/ Open Market Purchase/ 250000

UOL GROUP LIMITED/ Director/ 21-Feb-07/ Wee Cho Yaw/ Open Market Purchase/ 500000

VENTURE CORPORATION LIMITED/ Subst Shrhdr/ 13-Feb-07/ Franklin Resources Inc. (FRI)/ Sales in Open Market/ -236600

VITA HOLDINGS LIMITED/ Subst Shrhdr/ 7-Feb-07/ Chong Thim Pheng/ Married deal/ 13000000

VIZ BRANZ LIMITED/ Subst Shrhdr/ 9-Feb-07/ Poh Choo Bin/ Open Market Purchase/ 1831000

VIZ BRANZ LIMITED/ Subst Shrhdr/ 8-Feb-07/ Poh Choo Bin/ Open Market Purchase/ 650000

YELLOW PAGES(SINGAPORE)LIMITED/ Director/ 14-Feb-07/ Pang Yoke Min/ Open Market Purchase/ 279000

YELLOW PAGES(SINGAPORE)LIMITED/ Director/ 9-Feb-07/ Pang Yoke Min/ Open Market Purchase/ 139000

YELLOW PAGES(SINGAPORE)LIMITED/ Director/ 8-Feb-07/ Pang Yoke Min/ Open Market Purchase/ 91000

YELLOW PAGES(SINGAPORE)LIMITED/ Director/ 7-Feb-07/ Pang Yoke Min/ Open Market Purchase/ 42000

YELLOW PAGES(SINGAPORE)LIMITED/ Director/ 6-Feb-07/ Pang Yoke Min/ Open Market Purchase/ 2047000

YELLOW PAGES(SINGAPORE)LIMITED/ Director/ 6-Feb-07/ Stanley Tan Poh Leng/ Open Market Purchase/ 40092000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 16-Feb-07/ JPMorgan Chase & Co. & its affiliates/ Open Market Purchase/ 8000000
YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 21-Feb-07/ United Overseas Bank Limited/ Sales in Open Market/ -9000000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 16-Feb-07/ United Overseas Bank Limited/ Sales in Open Market/ -10473000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 13-Feb-07/ JF ASSET MANAGEMENT (SINGAPORE) LIMITED/ Open Market Purchase/ 37871000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 13-Feb-07/ United Overseas Bank Limited/ Sales in Open Market/ -21030000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 9-Feb-07/ Prudential Asset Management (S) Ltd/ Open Market Purchase/ 852000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 8-Feb-07/ Prudential Asset Management (S) Ltd/ Sales in Open Market/ -1635000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 31-Jan-07/ PRUDENTIAL ASSET MANAGEMENT (S) LTD/ Open Market Purchase/ 2666000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 5-Feb-07/ JPMORGAN CHASE & CO/ Open Market Purchase/ 10718000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 5-Feb-07/ United Overseas Bank Limited/ Sales in Open Market/ -8486000


Noteworthy transactions are those of Capitaland where a director and Temasek Holdings have sold substantial amounts of shares in the open market. The transactions in Yongnam Holdings also reveals the various institutions that are participating in the stock that drove prices up all the way from $0.05.

I'd like to apologise for missing the update last week. Many things have happened (in my life that is). Besides the Chinese New Year celebrations, I was busy preparing to return to Australia (Sydney). There was actually no hope for me to obtain Permanent Residency in Australia until two weeks ago when my brother spoke with an immigration consultant. I was advised to return to Sydney asap while my student visa was still valid and lodge an application. I'll probably blog about my decision to seek Australian residency in another entry.

The Retail Sales and NYSE Margin Debt data for January were finally published, so I can now show you my monthly indicators chart. We can see that both the NASDAQ and Consumer Sentiment are still hanging to the upper region while Retail Sales and the Debt-Cash Ratio have continued to move up. A good friend sent me a text message telling me that he's sick of hearing "BULL RUN" all the time and asked me when the market would correct. I replied that a high probability of a correction setting in will be the time when Retail Sales peaks or when relative volume of Put Options picks up. By cross checking with the weekly chart of the NASDAQ Composite, the market could well hold up till April.

The weekly chart of the Nikkei 225 shows that the uptrend is still in tact

Short term wise, I'm looking for a short correction because of the overbought stochastics.

Have a gd week!

SGX Insider and Substantial Shareholders Transactions 05-09 Feb 2007 & Market Commentary

Here are some of the more significant Insider and Substantial Shareholder transactions reported on the SGX over the past week :

ASCENDAS REAL ESTATE INV TRUST/ Subst Shrhdr/ 2-Feb-07/ The Capital Group Companies Inc. (CGC)/ Sales in open market./ -5633850


ASIATRAVEL.COM HOLDINGS LTD/ Subst Shrhdr/ 5-Feb-07/ Arisaig ASEAN Fund Limited/ Sales in open market./ -14792000

BANYAN TREE HOLDINGS LIMITED/ Subst Shrhdr/ 7-Feb-07/ Liberty Square Asset Management LP/ Sales in open market./ -1062000

BIO-TREAT TECHNOLOGY LIMITED/ Subst Shrhdr/ 2-Feb-07/ Templeton Worldwide Inc./ Open Market Purchase/ 9781000

CAMBRIDGE INDUSTRIAL TRUST/ Subst Shrhdr/ 7-Feb-07/ Brilliant Manufacturing Limited/ Sales in open market./ -2600000

CAMBRIDGE INDUSTRIAL TRUST/ Subst Shrhdr/ 5-Feb-07/ Brilliant Manufacturing Limited/ Sales in open market./ -2300000

CDL HOSPITALITY TRUSTS/ Subst Shrhdr/ 7-Feb-07/ Morgan Stanley Investment Management Company/ Sales in open market./ -3383000

FALMAC LIMITED/ Subst Shrhdr/ 2-Feb-07/ United Overseas Bank Limited (UOB)/ Sales in open market./ -1800000

FERROCHINA LIMITED/ Subst Shrhdr/ 6-Feb-07/ JF Asset Management (Singapore) Limited/ Sales in open market./ -5687000

FERROCHINA LIMITED/ Subst Shrhdr/ 5-Feb-07/ JF Asset Management (Singapore) Limited/ Sales in open market./ -5956000

HOE LEONG CORPORATION LTD./ Subst Shrhdr/ 5-Feb-07/ Tat Hong Holdings Ltd/ Sales in open market./ -2983000

LANDWIND MEDICAL HOLDINGS LTD/ Subst Shrhdr/ 7-Feb-07/ Echo Investment Holdings Limited/ Open Market Purchase/ 3615878

LANDWIND MEDICAL HOLDINGS LTD/ Subst Shrhdr/ 5-Feb-07/ Echo Investment Holdings Limited/ Open Market Purchase/ 4589000

LIFEBRANDZ LTD./ Director/ 7-Feb-07/ Thomas Carlton Thompson 3rd/ Sales in open market./ -600000

LIFEBRANDZ LTD./ Director/ 6-Feb-07/ Thomas Carlton Thompson 3rd/ Sales in open market./ -1500000

POPULAR HOLDINGS LIMITED/ Subst Shrhdr/ 2-Feb-07/ Chartered Asset Management Pte Ltd/ Sales in open market./ -2942000

POPULAR HOLDINGS LIMITED/ Subst Shrhdr/ 2-Feb-07/ Chartered Asset Management Pte Ltd/ Sales in open market./ -3809000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 31-Jan-07/ PRUDENTIAL ASSET MANAGEMENT (S) LTD/ Open Market Purchase/ 2666000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 5-Feb-07/ JPMORGAN CHASE & CO./ Open Market Purchase/ 10718000

YONGNAM HOLDINGS LIMITED/ Subst Shrhdr/ 5-Feb-07/ United Overseas Bank Limited/ Sales in open market./ -8486000


The raw data file for all transactions in the past week can be downloaded here:
http://www.savefile.com/files/486137 (deleted after 30 days by server)


The past week saw more sales than buys. Acquisitions in Yongnam was pretty surprising. Will they push it to a dollar as told by a friend (more than two years ago). All I know is that some pretty rich people were accumulating in the sub 10cent range.... but Yongnam didnt take off until the construction sector took off as a whole.

Nothing much happened over the past week except for the sell down on the US market on Friday on fears that high oil prices will keep inflation high..... these guys are a bit slow arent they, I was already talking about the effects that high oil prices will have on inflation two weeks ago. But then again, I dont have high expectations of the financial press. They need to have a story for everything's that's happening everyday... because everyone wants to know why.

My beliefs in the financial market is more 'Austrian' than 'Keynesian'. But despite that, it's still good to study them both cos each has its merits.

The past week saw me digging up some old books I've read a while ago. They are "Profiting in Bull and Bear Markets" by Dr Dagnino and "How I trade for a living" by Gary Smith. Dr Dagnino gave me a refresher on economic indicators and which ones I can use to further enhance my monthly chart seen in my blog entries. And the other one gave me some ideas on how I can put the NYSE Members' Report that I've been downloading for a while now.

Okay, here's what the charts are telling us:

Other than what the oil story from the financial press on friday, the US market was already in short term oversold territory (stochastics above 80). And even though the Nasdaq went up last wed, the advance-decline data did not confirm the bullishness. The AD line fell again on thursday while the market was flat, and delivered the killer blow on Friday.

The stochastics indicator is a new addition to the chart as it is better at catching short term tops than the Market Breadth Oscillator. Even though the fast MBO line is at a low level, conditions are still not right for going long.

No change on the weekly NSADAQ chart - still range bound

There's nothing to report on the weekly Nikkei225 chart as well - uptrend is still in tact

Have a good week!

Market Commentary for 01-04 Feb 07

Here are some of the more significant Insider and Substantial Shareholder transactions reported on the SGX over the past week :

C K TANG LTD/ Director/ 1-Feb-07/ Tang Wee Sung/ Kerith Holdings Pte Ltd/ See APPENDIX/ 2078000

CAMBRIDGE INDUSTRIAL TRUST/ Subst Shrhdr/ 1-Feb-07/ Brilliant Manufacturing Limited/ Sales in open market./ -2000000

CHINA FASHION HOLDINGS LIMITED/ Director/ 30-Jan-07/ CHEN XI JIAN/ SALE OF SHARES UNDER A MARRIED DEAL/ -1500000

CSE GLOBAL LTD/ Subst Shrhdr/ 30-Jan-07/ FMR Corp./ Market transaction./ 1391000

FABCHEM CHINA LIMITED/ Director/ 1-Feb-07/ DR LIM SECK YEOW/ Off-market transaction./ -23166000

FABCHEM CHINA LIMITED/ Subst Shrhdr/ 1-Feb-07/ FORTSMITH INVESTMENTS LIMITED/ Off-market transaction./ -46800000

FABCHEM CHINA LIMITED/ Subst Shrhdr/ 1-Feb-07/ DNX AUSTRALIA PTY LIMITED/ Off-market transaction./ 69966000

FIBRECHEM TECHNOLOGIES LIMITED/ Subst Shrhdr/ 1-Feb-07/ Lonsdale Group Limited B.V.I./ Sale of Shares/ -24636000

HOTUNG INVESTMENT HLDGS LTD/ Subst Shrhdr/ 31-Jan-07/ Third Avenue Management LLC/ Open Market Purchase/ 498000

JIUTIAN CHEMICAL GROUP LIMITED/ Subst Shrhdr/ 1-Feb-07/ UOB Asset Management Ltd (UOBAM)/ Open Market Purchase/ 1500000

LIFEBRANDZ LTD./ Director/ 1-Feb-07/ Thomas Carlton Thompson 3rd/ Sales in Open Market at Own Discretion/ -1000000

LIFEBRANDZ LTD./ Director/ 31-Jan-07/ Thomas Carlton Thompson 3rd/ Sales in Open Market at Own Discretion/ -2000000

OLAM INTERNATIONAL LIMITED/ Subst Shrhdr/ 31-Jan-07/ The Capital Group Companies Inc./ Open Market Purchase/ 15946000

PEOPLE'S FOOD HOLDINGS LIMITED/ Subst Shrhdr/ 29-Jan-07/ Templeton International Inc./ Acquisition/Disposal of shares./ 11381000

ROLY INTERNATIONAL HLDGS LTD/ Subst Shrhdr/ 30-Jan-07/ Moon Capital Management LP/ Open Market Purchase/ 2435000


The raw data file (in CSV format) can be downloaded here (deleted after 30 days by server) : http://www.savefile.com/files/467320



The markets remained bullish, especially the Singapore Bourse. The Nikkei 225 is rangebound at the moment, and has somewhat influenced the Hang Seng to do the same. The support zone for the Nikkei is between 17,200 to 17,300; breaching it would take stochastic indicator to oversold region. There are no extreme readings on the short term market breath indicators to take advantage of as well... an intraday traders' market.

The Purchasing Manager's Index has fallen below the 50% level again in January 2007; last time it happened was in November 2006. From the chart below, it is apparant that the leading characteristic of the Nasdaq index over the PMI (or the economy on a wider view) is slowly decreasing. With 1995 as an exception, the market has pulled back when ever the PMI slowed down.

The Consumer Sentiment Index for January 2007 came in at 98%, which is an all-time high. But I wouldnt be too happy because this is usually used as a contrary indicator. But for those who have bought into the market a couple of months back, there'll be no shortage of buyers to offload their holdings to.

My Gann DJI Forcast has diverged (a better word for being inaccurate :) for the past two months. So despite all the economic, fundamental, technical, quantiative or sentiment analyses one can do to produce a forecast, the market has plans of its own, and those who try to fight it..... well, we all know the outcome. The big players are obviously not selling out at the moment.

The short-term volatility on the Nasdaq has come down slightly, if it falls again during the week, we would most likely see a short term top. The fast market breadth line has also eased slighly while the index gained a little, showing that only selected stocks advanced last Friday, and there was no strength in the move.

On the weekly front, the index continues to be rangebound, so nothing much to report there.

Have a good Week!