Dear all S P500 has clocked its sixth consecutive month of gains in July 2021. This is the longest stretch since 2018. Furthermore, S P500 has touched a record high to close at 4,437 on 6 Aug 2021. In the next 3 months, are markets poised for higher highs? Or should we be prudent and take some profit off the table first? Let’s take a look.   Ernest’s personal market observations a) Lack of catalysts to push the market higher Since Covid last year, markets, especially U.S. markets, have been able to push higher due partly to the combination of ultra-easy monetary policies; expansionary fiscal policies; improvement in the Covid 19 situation leading to the re-opening of economies; improving company results; low valuations (especially around Mar 2020 time) etc. However, after a blisterin

Dear all S P500 and Nasdaq clinch fresh record highs last Friday with S P500 clocking in seven consecutive days of gains in its longest winning streak since August 2020. Despite the roaring U.S. markets, Singapore Straits Times Index (“STI”) has slipped almost 100 points from its 2021 intraday high of 3,237 on 30 Apr 2021 to close 3,141 on 5 Jul 2021. Can STI exceed 3,237 for 2HFY2021? Most strategists believe so, as their year-end targets for STI are easily above 3,237. Let’s look at the possible reasons why analysts are positive on our Singapore market.   Reasons to be optimistic on our Singapore market in 2HFY21 A) Most analysts are positive on STI with year-end target >=3,400 Based on this website (click HERE), most analysts are positive on our Singapore market, fuelled by re-op

The home of 106,600 HDB residents, Pasir Ris is a town in the northeast of Singapore. The town itself comprises four subzones: Pasir Ris Central, Pasir Ris West, Pasir Ris Drive and Pasir Ris Park. Pasir Ris also includes the Loyang Industrial Estate which encompasses three subzones: Loyang West, Loyang East and Flora Drive. Lastly, the Pasir Ris Wafer Fabrication Park completes as the 8th subzone of the entire planning area. The estimated total population size of the town is around 148,020 people, as of 2019. Aside from residential and industrial, this is also where the Changi Prison Complex is sited since its construction in 1936. It houses the most serious criminals in the country. There are also a few military camps and a ferry terminal that transports National Servicemen to Palau Teko

First posted at 11.53 am on 20 May 2021. Updated at 5.30 pm on 21 May 2021 to include a description of the experience of Ms Lian Lee Lee related to the company’s response to SGX that Ms Lian has demonstrated that she acts independently. By Mak Yuen Teen On 14 May 2021, G.H.Y Culture & Media (GHYCM) appointed Ms Lian Lee Lee as deputy CEO of the group. The following day, I posted an article on my... Source

First posted at 11.40 pm on 15 May 2021. Updated at 8.30 am on 16 May 2021. By Mak Yuen Teen On 31 January 2021, I posted an article on this website raising concerns about governance risks of G.H.Y Culture & Media (GHYCM), which listed on the SGX Mainboard in December 2020 (“Governance Risks at G.H.Y. Culture & Media”). The article can be accessed here: https://governanceforstakeholders.com/2021/ Source

Updated January 31, 2021, 8.30 am. By Mak Yuen Teen On January 20, UOB Kay Hian (UOBKH) initiated coverage on G.H.Y. Culture & Media (GHY) with a buy call and a target price of $1.08. UOBKH was joint issue manager and joint underwriter for GHY’s IPO in December 2020. UOBKH’s initiation of coverage for GHY was well covered in the media. The day before, the share price had closed at $0.785. Source