Weak US jobs report may delay Fed rate hike, lift Singapore shares
Source: TheEdge Markets | Publish date: Mon, 6 Apr 2015, 07:19 AM | >> Read article in News website
SINGAPORE (April 6): Singapore shares may open higher on hopes that the Federal Reserve will delay raising interest rates, following a weaker-than-expected US nonfarm payrolls report released last Friday.
US employers added only 126,000 jobs in March, compared to 264,000 in February and 201,000 in January.
"(The) disappointing nonfarm payrolls can't be blamed on the weather or the shake-out in the oil & gas industry," Rabobank's senior US strategist Philip Marey wrote in a note to clients.
S-Reits CMT & CCT chiong ah!!
cmt huat huat
i kio another 10000 cct @ 1.750 just now
there is a bull within cct..fighting hard
cct qiong ahhhhh
hmm thinking whether to sell at 2.25 or not haha

Doesnt this look like 2007...




STI 3500 level soon
after that 300 points more back to 2007 high
those that bought sti at 3800 in 2007... would need like 1 decade to get back to that level... damn sad hor?
but even if STI hits 3800? does it means its overvalued? I would say no
last time in 2007.. blue chips were trading at 20-30 times earnings
now in 2015.. banks selling for 11-12 times earnings
marine stocks under 10 times earnings
STI = 14 times earnings
we are still cheap and lots of room to bull up to 20 times earnings
Anyone considering the May Effect? It hits each of the past 5 years since 2010 except 2014.

When one compares SG to US, both seems about right to me.
US markets break new high due to so many rounds of QE. Market loves QE, currency don't.
If one were to take out the QE effect, US's level would essentially be roughly like SG.
US S&P 500 pe about 20, SG about 14 sounds about right.
Btw, STI has been on a upward bull run since start of the year while US has been more or less stagnant.
Anyone considering the May Effect? It hits each of the past 5 years since 2010 except 2014.