SGX Insider and Substantial Shareholders Transactions 26 Feb-02 Mar 2007 & Market Commentary

Hi, here are the more significant Insider and Substantial Shareholder transactions reported on the SGX over the past week:

ADVANCE SCT LIMITED/ Director/ 1-Mar-07/ Tea Yeok Kian/ Sales in Open Market/ -10200000

ADVANCE SCT LIMITED/ Director/ 1-Mar-07/ Seah Hock Thiam/ Sales in Open Market/ -5000000

ADVANCE SCT LIMITED/ Director/ 1-Mar-07/ Lim Andy/ Open Market Purchase/ 7150000

ALBEDO LIMITED/ Director/ 1-Mar-07/ Tai Kok Chuan/ Open Market Purchase/ 350000

ASCENDAS REAL ESTATE INV TRUST/ Subst Shrhdr/ 21-Mar-07/ Macquarie Bank Limited/ Open Market Purchase/ 15549000

ASIA DEKOR HOLDINGS LIMITED/ Director/ 1-Mar-07/ Liu Gongting/ Open Market Purchase/ 720000

ASIA POWER CORP LTD/ Director/ 26-Feb-07/ LI TIANFEI/ Sales in Open Market/ -450000

BAN JOO & COMPANY LIMITED/ Director/ 22-Feb-07/ Chin Pang Joo/ Married deal/ -28000000

CAMBRIDGE INDUSTRIAL TRUST/ Subst Shrhdr/ 22-Aug-06/ The Capital Group Companies Inc/ Open Market Purchase/ 3423000

CG TECHNOLOGIES HOLDINGS LTD/ Subst Shrhdr/ 28-Feb-07/ The SFP Asia Master Fund Ltd./ Open Market Purchase/ 1000000

CHINA LIFESTYLE F&B GROUP LTD/ Subst Shrhdr/ 23-Feb-07/ Orange Capital LLC/ Open Market Purchase/ 500000

CHINA LIFESTYLE F&B GROUP LTD/ Subst Shrhdr/ 22-Feb-07/ Orange Capital LLC/ Open Market Purchase/ 500000

CHINA PETROTECH HOLDINGS LTD/ Subst Shrhdr/ 9-Feb-07/ Deutsche Bank AG/ Sales in Open Market/ -1635000

CHINA PRECISION TECHNOLOGY LTD/ Director/ 26-Feb-07/ Zhang Zhongliang/ Married deal/ 1000000

CHINA SKY CHEM FIBRE CO./ Subst Shrhdr/ 16-Feb-07/ JF Asset Management (Singapore) Limited/ Open Market Purchase/ 1980000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 1-Mar-07/ UOB Asset Management Ltd (UOBAM)/ Sales in Open Market/ -2204000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 22-Feb-07/ FMR Corp./ Sales in Open Market/ -561000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 27-Feb-07/ FMR Corp./ Open Market Purchase/ 599000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 28-Feb-07/ The Capital Group Companies Inc./ Open Market Purchase/ 3595000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 23-Feb-07/ The Capital Group Companies Inc./ Open Market Purchase/ 3600000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 27-Feb-07/ United Overseas Bank Limited (UOB)/ Open Market Purchase/ 5176000

CITYSPRING INFRASTRUCT TRUST/ Subst Shrhdr/ 27-Feb-07/ UOB Asset Management Ltd (UOBAM)/ Open Market Purchase/ 27672977.5

COURTS SINGAPORE LIMITED/ Subst Shrhdr/ 15-Feb-07/ Aberdeen Asset Management Asia Ltd/ Sales in Open Market/ -393000

F J BENJAMIN HOLDINGS LTD/ Subst Shrhdr/ 23-Feb-07/ UBS AG/ UBS AG/ Open Market Purchase/ 1500000

FIRST ENGINEERING LTD/ Subst Shrhdr/ 14-Feb-07/ UBS AG/ Sales in Open Market/ -9322200

FIRST ENGINEERING LTD/ Subst Shrhdr/ 26-Feb-07/ AFFINITY ASIA PACIFIC FUND II LP/ Open Market Purchase/ 5970400

FIRST ENGINEERING LTD/ Subst Shrhdr/ 27-Feb-07/ AFFINITY ASIA PACIFIC FUND II LP/ Open Market Purchase/ 20417362

GLOBAL VOICE GROUP LIMITED/ Subst Shrhdr/ 23-Feb-07/ ABN AMRO Bank N.V. London Branch/ Open Market Purchase/ 21661000

HAW PAR CORP LTD/ Subst Shrhdr/ 27-Feb-07/ Arnhold and S. Bleichroeder Advisors LLC/ Open Market Purchase/ 2158890

HLN TECHNOLOGIES LIMITED/ Director/ 2-Mar-07/ WA KOK LIANG/ Sales in Open Market/ -4512000

HLN TECHNOLOGIES LIMITED/ Director/ 2-Mar-07/ NG KHOON SENG/ Open Market Purchase/ 1960000

HLN TECHNOLOGIES LIMITED/ Director/ 2-Mar-07/ HEIN KE LONG/ Open Market Purchase/ 2552000

HTL INT'L HOLDINGS LIMITED/ Subst Shrhdr/ 13-Feb-07/ FMR Corp./ Sales in Open Market/ -364000

INTER-ROLLER ENGINEERING LTD/ Subst Shrhdr/ 16-Feb-07/ Great Eastern Holdings Limited/ Sales in Open Market/ -890000

JEL CORPORATION (HOLDINGS) LTD/ Director/ 28-Feb-07/ TAN BOON YONG ERIC/ Open Market Purchase/ 700000

KODA LTD/ Subst Shrhdr/ 27-Feb-07/ Blackhorse Asset Management Pte Ltd/ Open Market Purchase/ 349000

LEE KIM TAH HLDGS LIMITED/ Director/ 1-Mar-07/ Lee Yong Chuan Edwin/ Open Market Purchase/ 569000

MAGNUS ENERGY GROUP LTD./ Subst Shrhdr/ 26-Feb-07/ Co-relative Investments Ltd/ Married Deal/ -130000000

MAGNUS ENERGY GROUP LTD./ Subst Shrhdr/ 23-Feb-07/ Co-relative Investments Ltd/ Married Deal/ -9000000

MAGNUS ENERGY GROUP LTD./ Subst Shrhdr/ 26-Feb-07/ Skyline Agents Ltd/ Married Deal/ 130000000

NOEL GIFTS INTERNATIONAL LTD/ Subst Shrhdr/ 26-Feb-07/ ROYAL UNION CORPORATION (CHINA) PTE LTD/ Sales in Open Market/ -1135000

NOEL GIFTS INTERNATIONAL LTD/ Subst Shrhdr/ 26-Feb-07/ ROYAL UNION CORPORATION (CHINA) PTE LTD/ Sales in Open Market/ -1100000

NOEL GIFTS INTERNATIONAL LTD/ Subst Shrhdr/ 28-Apr-04/ ROYAL UNION CORPORATION (CHINA) PTE LTD/ Open Market Purchase/ 2055000

NORELCO UMS HOLDINGS LIMITED/ Director/ 2-Mar-07/ LUONG ANDY/ Open Market Purchase/ 3600000

NUCLEUS ELECTRONICS LTD/ Subst Shrhdr/ 1-Mar-07/ AIC Technology Sdn. Bhd./ Sales in Open Market/ -60000000

ORIENTAL CENTURY LIMITED/ Subst Shrhdr/ 26-Feb-07/ Wasatch Advisors Inc./ Sales in Open Market/ -509000

PACIFIC HEALTHCARE HLDGS LTD/ Subst Shrhdr/ 27-Feb-07/ Pequot Healthcare Emerging Markets Master Fund Ltd/ Open Market Purchase/ 697000

SARIN TECHNOLOGIES LTD/ Subst Shrhdr/ 28-Feb-07/ Chartered Asset Management Pte Ltd./ Open Market Purchase/ 2555000

SINOPIPE HOLDINGS LIMITED/ Subst Shrhdr/ 28-Feb-07/ Loyal Team Group Limited/ Sales in Open Market/ -1900000

SINWA LIMITED/ Subst Shrhdr/ 16-Feb-07/ UOB Asset Management Ltd/ Sales in Open Market/ -500000

SINWA LIMITED/ Subst Shrhdr/ 23-Feb-07/ UOB Asset Management Ltd/ Open Market Purchase/ 4750000

THAI VILLAGE HOLDINGS LTD/ Subst Shrhdr/ 22-Feb-07/ Noble Asset Management Ltd/ Open Market Purchase/ 1260000

THE ASCOTT GROUP LIMITED/ Director/ 27-Feb-07/ KEE TECK KOON/ Sales in Open Market/ -300000

UOL GROUP LIMITED/ Director/ 28-Feb-07/ Wee Cho Yaw/ Open Market Purchase/ 3792000

UOL GROUP LIMITED/ Subst Shrhdr/ 28-Feb-07/ Wee Ee Cheong/ Open Market Purchase/ 4779000

UOL GROUP LIMITED/ Subst Shrhdr/ 28-Feb-07/ C.Y. Wee & Co. Pte Ltd/ Open Market Purchase/ 4779000

VENTURE CORPORATION LIMITED/ Subst Shrhdr/ 16-Feb-07/ Templeton International Inc./ Sales in Open Market/ -1749816

VENTURE CORPORATION LIMITED/ Subst Shrhdr/ 27-Feb-07/ The Capital Group of Companies Inc./ Sales in Open Market/ -213000

YELLOW PAGES(SINGAPORE)LIMITED/ Subst Shrhdr/ 23-Feb-07/ Third Avenue Management LLC/ Open Market Purchase/ 1630000


The raw data file can be downloaded here: http://www.savefile.com/files/533537 (Deleted automatically after 30 days)


Without a doubt, the biggest news last week was the big selldown that was sparked off by a drop of about 9% in the China Stock Market. All in all, the Hang Seng and Nikkei 225 Indices fell by more than 1,000 points each. The sell off was not a surprise as the stochastics indicator for the Hang Seng was on its way down. The indicators on the Nikkei were also in over-bought region. Those who sold short, bought puts, sold calls, short futures accordingly would've made money. But if you have a day job like everyone else, you probably would not have time to act or capitalise on the drop. The trick is not to trade on the China market itself as one would probably be chasing it down. I would prefer to locate other instruments that lag (or react) to the Shanghai Composite Index. A good example would be the put warrants of the Hang Seng and/or Nikkei 225 Indices listed on another Asian market (e.g. Singapore Stock Exchange).

So now the questions that remain are:
(1) Is the selldown finished? Or is it the first of what is to come?
(2) Is there going to be a bounce?

In just four short days, the short term stochastics of all these indices are now in oversold region. I would opine that the European and US markets are not as affected as the Asian markets (similar to the 1997-98 Asian Crisis).... but I dont want to speak too soon. The market will let us know soon enough. Retail investors (like us) do not have the time nor resources to value the entire market if the GDP for China slows down. That's why it's important that the brokerage house that you are with provide you with facilities that allows you to set trigger points to alert you (either via SMS or email) when something is happening.

SHORT-TERM OUTLOOK:
From the short-term chart below, the Volatility Oscilliator is now off-the-charts (literally), but the PCR (Put-Call Ratio) oscillator is slowing down. The candles have also gone outside of the lower 20-day Bollinger Band. So, I'd expect a bounce coming in soon. It'll be even better if a nice candlestick formation (spinning top, doji, hammer or harami) confirms a short term bottom. Please be mindful that I'm referring to the US market. But the Singapore, Hong Kong and Japan markets would not be too far off as well. But there is every possibility that the selldown will continue; setting trigger points at the correct index values will let you know.

MEDIUM-TERM OUTLOOK:
As of this moment, I have yet to update the Monthly Indicators chart. But the high values at the end of Jan 07 is another reason why the selldown last week was no surprise. The 3-week low of the NASDAQ Composite has already been penetrated on the downside. So what we saw may be the beginnig of another two to three-month bear move. As seen from the weekly chart, two consecutive long weekly down candles are very uncommon and have not been seen in the last two years. I'll wait another week to see what happens, and trade the short-term window in the meantime.

Have a good week!