first time citybank RIGHT 100 percent

[madmansg]

0033 GMT [Dow Jones] STOCK CALL: Citigroup cuts Singapore Exchange (S68.SG)
target price to S$4.70 from S$6.45; reiterates Sell rating. Broker says
history suggests stock will keep downward bias until equity market troughs,
Citi strategists expect further downside for Singapore market as recession
looms; "we think SGX will break below S$5.00 before this bear market ends."
Notes historically STI troughs 3-5 months before consensus earnings
revision cycle bottoms out, says earnings cycle may turn in Aug. 2009,
implying STI troughs in 2Q09. Cuts FY09-FY10 earnings forecasts by 8%-27%
to reflect lower average daily equity volume assumptions. Says new target
price assumes 20.5x PE ratio, but warns that may still have downside risk.
Shares closed +1.8% at S$6.12 Friday. (KIG)

 

[DerekLeung]

By burning away more money !

They are forcing citizens to work for less and longer till the day he dies and no one can sit around and retire early !

 

[DerekLeung]

Stupid top Singaporeans heads got no knowledge of the workings of the US system !

Never got the hindsight to see this coming !

You can pay $2 to enter US market if they want you to go in !

Even if you pay $600 Million to go in, they can screw you later too !

 

[DerekLeung]

Singaporeans with power ! You still have no wake up your idea !

Invest in our city state, population and generation beyond !

DO not invest in other countries because it is cheaper now and how much you hated Singaporeans!

And how in thinking that if most of Singaporeans are poor and jobless, you can oppress them further into taxation and it political power that you crave.

And in political power you relish to the world that because they are poor and the poor have lost their will to fight whether economically or politically !

I am a patriot, I will support sinkies anytime even though they stinks of bad character !

 

[annexa]

Derek, don't mind if you don't spam the same thing in a few threads or not. Thank you hor.