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!