As noob, we often read the annual report at face value.

THE muddy water report is really a wake up call:

The lesson learnt:

NOT TO BELIEVE EVERYTHING THAT IS WRITTEN IN THE ANNUAL REPORT AT FACE VALUE

(of course, noobs like us most likely will not be able to see through the veil.....)

The Report dated 30 Nov 2012 is full of stuff.

NOT JUST OLAM for which the report pinpointed.

ANY COMPANY could do the same.

How much is true? ONLY TIME WILL TELL.


The report could be found here:

http://www.scribd.com/doc/115018012/Muddy-Waters-Agrees-to-Pay-for-Olam-Debt-Rating

IF this means investors retreat from US market, then:

they might come to Singapore and other countries whose currencies will strengthen against the US$, right?

If so, prepare your bullets for a good Christmas...

Maybe....

If result out tonite is abt same like noble = more upside potential; otherwise, sry lah.

New news on soybeans :

........ Corn and soybean traders are bullish for a 13th consecutive week on mounting concern that yields will keep dropping amid the worst U.S. drought in a half century.
Twenty analysts surveyed by Bloomberg expect soybeans to climb next week, after reaching a record yesterday. A further five were bearish and three neutral. Nineteen predicted gains in corn, five saw a decline and three anticipated little change. Hedge funds are holding the biggest bet on rising soybeans since the beginning of May and the largest wager on corn since April, U.S. Commodity Futures Trading Commission data show.....

For complete article:

http://www.bloomberg.com/news/2012-07-19/crop-traders-extend-bullish-streak-on-u-s-drought-commodities.html

Straits Times 2,998.51 +2.95 0.10%

Dow Jones 12,777.09 +203.82 1.62%
Nasdaq 2,908.47 +42.28 1.48%

Why rocket no more?

....
Ending stocks for 2012/13 are projected at 145 million bushels, down 65 million from 2011/12, leaving the stocks-to-use ratio at a historically low 4.4 percent. The US season-average soybean price for 2012/13 is projected at $12.00 to $14.00 per bushel compared with $12.35 per bushel in 2011/12. Soybean meal prices are forecast at $335 to $365 per short ton, compared with $360. Soybean oil prices are projected at 52.5 to 56.5 cents per pound compared with 53.5 cents for 2011/12.
......

Check here too:

http://www.thepoultrysite.com/reports/?category=2&id=466

.......
Prices for soybeans and soybean meal for 2012/13 are raised this month. The U.S. season
average soybean price is projected at $13.00 to $15.00 per bushel, up $1.00 on both ends of the
range. Soybean meal prices are projected at $365 to $395 per short ton, up $30 on both ends of
the range. The soybean oil price projection is unchanged at 52.5 to 56.5 cents per pound.
.......

For more (wheat, durum, other
spring wheat, barley, oats, rice, corn, sorghum, soybeans, and cotton) check out :

http://www.usda.gov/oce/commodity/wasde/latest.pdf

STI had been doing well this week. (around 2,950++) even when HK & US down.

signs:
Keppel, Venture etc. are holding up well (vol also increase).
(i did not follow banks & other blue)

Some park here before it moves flow out later.
CAREFUL: Run before ""sudden outflow"" !!!!

Don't know 2nd quarter result how.
If result is good, will definitely bring back confidence.

Anyone know anything please?

.....
Inherently there is the risk of capital inflows into
Singapore bonds and property markets etc. for safe haven reasons
and also for expected appreciation. This may feed into asset
price inflation. At worst, these are hot money inflows, there is
always a risk of sudden outflows," said Supaat(Saktiandi Supaat, head of FX research at Maybank in Singapore).
.........


So, Some monies will flow into the stock market...

SINGAPORE, July 11 (Reuters) - The Singapore dollar hit a
14-year high against the ringgit on Wednesday as offshore funds
continued to seek relatively safer assets and on views that
Malaysia may allow a weaker currency to spur growth amid global
economic slowdown.
The city-state's currency rose 0.7 percent
against the neighboring unit to 2.5170, the highest since July
1998, as real money accounts and hedge ........

For more :
http://sg.finance.yahoo.com/news/em-asia-fx-sing-dlr-070254796.html

if not like this, u will hav to pay more to buy.
But, same for most things, if uptrend, buy high go higher.
Inversely, buy low go lower lor.