Tougher rules for buying second homes

Singapore announced on Monday restrictions on people buying second homes as part of new measures to cool its red-hot residential market, joining Hong Kong and China in taking steps to keep a lid on housing prices.

Property developers were in for a rude shock which sent their stock prices declined as much as 2-4%.

Southeast Asia's second-largest developer City Developments falling as much as 4.3 per cent and Wing Tai dropping as much as 4.6 per cent.

CapitaLand, Southeast Asia's largest developer, declined as much as 2 per cent

Another concern is that Singapore interest rates are near record lows despite economic growth that will likely hit 12-15 per cent this year, due to an increase in inflows from overseas.

The current low global interest rate environment will not continue indefinitely, and higher interest rates could have severe implications for buyers who have overextended themselves and on the economy.

Dividend announcement

Stock/amount/close date/Payout date

Aztech CD SGD0.003 Aug-12 Aug-27
Broadway CD SGD0.02 Aug-24 Sep-08
C&O Pharm CD SGD0.028 Aug-26 Sep-08
CEI CD SGD0.006 Aug-18 Sep-02
CSC CD SGD0.004 Aug-20 Sep-03
CWT CD SGD0.06 Aug-12 Aug-26
ChasenHldg CD SGD0.006 Aug-23 Sep-06
DairyFarm 900 USCD USD0.05 Aug-18 Oct-13
DBS CD SGD0.14 Aug-20 Oct-13
GreatEast CD SGD0.1 Aug-17 Sep-02
GP Bat CD SGD0.08 Aug-12 Sep-01
GP Ind CD SGD0.02 Aug-13 Sep-02
HwaHong CD SGD0.05 Aug-13 Aug-27
SGD0.01 Aug-13 Aug-27
Hyflux CD SGD0.01 Aug-25 Sep-15
HKLand US$ CD USD0.06 Aug-18 Oct-13
OKP CD SGD0.01 Aug-12 Sep-07
Rokko CD SGD0.005 Aug-18 Sep-01
Jardine C&C CD USD0.16 Aug-13 Sep-27
JMH 400US$ CD USD0.3 Aug-18 Oct-13
JSH 500US$ CD USD0.06 Aug-18 Oct-13
KingWan CD SGD0.00286 Aug-25 Sep-13
KSH Hldg CD SGD0.01 Aug-13 Aug-30
Leeden CD SGD0.01 Aug-18 Sep-02
Lian Beng CD SGD0.004 Oct-01 Oct-15
OSIM CD SGD0.01 Aug-17 Aug-31
Popular CD SGD0.002 Sep-03 Sep-22
RafflesMG CD SGD0.01 Aug-16 Sep-03
Rotary CD SGD0.01 Aug-24 Sep-08
SoupRestn CD SGD0.0035 Aug-13 Aug-31
Tee CD SGD0.012 Oct-25 Nov-11
SGD0.01 Oct-25 Nov-11
Transit CD SGD0.02 Aug-20 Sep-07
SembMar CD SGD0.05 Aug-17 Aug-31
Serial CD SGD0.0028 Aug-17 Sep-01
SingPost CD SGD0.0125 Aug-13 Aug-31
SpRe CD SGD0.007 Aug-18 Sep-02
StamfordTyres CD SGD0.01 Sep-13 Sep-28
StarHub CD SGD0.05 Aug-19 Sep-03
SGX CD SGD0.1575 Oct-12 Oct-26
ST Engg CD SGD0.03 Aug-18 Sep-09
UMS CD SGD0.01 Aug-17 Aug-30
UOI CD SGD0.02 Aug-17 Aug-31
SGD0.03 Aug-17 Aug-31
Yongmao CD SGD0.0025 Aug-12 Aug-26
PLife REIT CD SGD0.0002 Aug-13 Sep-09
SGD0.003 Aug-13 Sep-09
SGD0.0177 Aug-13 Sep-09

Corporate Announcement dates

10.08.10 BreadTalk Group 2Q10
10.08.10 Changtian Plastic & Chemical * 2Q10
10.08.10 Del Monte Pacific 2Q10
10.08.10 Fuxing China Group Ltd 2Q10
10.08.10 Koon 1H10
10.08.10 Nippecraft 1H10
10.08.10 UOB ** 2Q10
11.08.10 Challenger Technologies 1H10
11.08.10 CSE Global 2Q10
11.08.10 DMX Tech 2Q10
11.08.10 Golden Agri-Resources ** 2Q10
11.08.10 Hong Leong Finance 2Q10
11.08.10 Hotel Royal 2Q10
11.08.10 HTL Int'l Holdings 2Q10
11.08.10 Petra Foods 2Q10
11.08.10 Yangzijiang * 2Q10
12.08.10 Allgreen Properties 2Q10
12.08.10 ARA Asset Management 2Q10
12.08.10 Armstrong Industrial 2Q10
12.08.10 CentraLand 2Q10
12.08.10 City Developments 2Q10
12.08.10 Cityspring Infrastructure Trust 1Q11
12.08.10 Delong Holdings 2Q10
12.08.10 Eastern Asia Technology 2Q10
12.08.10 Frencken Group 2Q10
12.08.10 Indofood Agri Resources 2Q10
12.08.10 Macquarie Int'l Infra Fund * 2Q10
12.08.10 Noble Group 2Q10
12.08.10 Q&M Dental 1H10
12.08.10 Parkway Hldgs 2Q10
12.08.10 Sembcorp Industries 2Q10
12.08.10 Singtel * 1Q11
12.08.10 SMB United 2Q10
12.08.10 Soilbuild Group 2Q10
12.08.10 Vicom 2Q10
13.08.10 ComfortDelgro Corp 2Q10
13.08.10 Hiap Hoe 2Q10
13.08.10 Ho Bee Investment 2Q10
13.08.10 Hong Leong Asia 2Q10
13.08.10 IFS Capital 2Q10
13.08.10 Kreuz 2Q10
13.08.10 Li Heng Chemical Fibre Technologies 2Q10
13.08.10 Mermaid Maritime 3Q10
13.08.10 QAF 2Q10
13.08.10 SBS Transit 2Q10
13.08.10 SuperBowl Holdings 2Q10
13.08.10 Swiber Holdings 2Q10
13.08.10 Tat Hong 1Q11
13.08.10 Wilmar International 2Q10
18.08.10 ASL Marine FY10
23.08.10 C&O Pharma ** FY10
24.08.10 Ellipsiz FY10
25.08.10 Karin Technology Holdings FY10
14.09.10 China Flexible Packaging 3Q11

* Results will be released in the morning
** Results will be released during lunchtime

STI - Inverse head & shoulder

STI has managed to cross the critical 3,000 mark and must maintain above this level for further upside. Bluechips has made their run this week signalling the Mid/Small Cap counters to follow through. Best performers are property and shipping related counters, (apart from purchases made by Kestral Capital> An inverse head & shoulder has formed prompting more upside potential.