Dollar index almost fully recover after Asia and Europe went through the panic mode. Just stay cool. The tsunami will be over very soon.
Shorting may be not your cup of tea but making an informed decision is a must for the survival of a trader like me. After reading most openly available source of information, I have compiled a list of company listed on SGX market for own reference, which I willing to share with you.
1. City Developments, CDL
Partnership in development of South Beach site near Suntec
2. DBS
With branch in Dubai since 2006. One of the syndicate financing South Beach project.
3. UOB
One of the syndicate financing South Beach project.
4. OCBC
One of the syndicate financing South Beach project.
5. SMRT
Contact to operate and maintain a monorail line
6. Ascott Group
Own a service residence, Somerset Jadaf at Dubai
7. Capitaland
Joint Venture with Mubadala for a project named Arzanah, a US$6 billion development on Abu Dhabi island. Plan Abu Dhabi 2030.
More to be find out.
Most of the people on the street suddenly realize that they have a bite of the IPO with bigger then expected allocation.
With the rumours saying that the grey market price can fetch up to $2.80, couple with the bullish valuation from DMG, this shall be a candidate for quick profit. However, the story does not end here. The confusion is: If the general public can get high allocations with high successful ratio, who will want to pay $2.80 for same thing selling at $2.12?
The question now is: Sell or Hold?
(Buying more seems to be out of question).
My strategic will be the opening price. My personal view is if the price moving up above opening price, I will let the profit run. If the price stuck or moving south, then I will let others to hold the baby. I can always come back another day.
Disclaimer apply.
