Monday, November 21, 2005
Identification of a float in the midst of choppy sessions
SGX: recent fee hike marks the first of the many earnings accretive measures in the pipeline as fee structure remains well below its illustrious peers. . Potential revamp of trading and settlement procedures as well as cross border shs listings will significantly boost turnover. Foresee gradual upward revision of earnings against its current PE of 20x vs ASX's 25x, HKSE 22.9x, Bursa's 27x. Technicals look poised to test above 2.76s prev high for higher 2.88 (21.3x PE) trend channel resistant.
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