2012年3月1日星期四

立藝企業(DIGISTA) 擬轉主要板



01/03/2012

立藝企業(DIGISTA,0029,創業板科技股)申請轉戰主要板

 該公司今日向馬證交所報備,建議將所有股本和為期10年的2007/2017年憑單,從創業板轉向主要板交易。

 今日閉市時,立藝企業平盤收50.5仙,成交量達152萬3700股

速伯瑪(SUPERMX) 看好丁腈手套美國市場



01/03/2012 



速伯瑪(SUPERMX,7106,主要板工業)放眼3年內在美國的丁腈手套(nitrile gloves)市佔率可提高到超過10%。

 該公司執行主席兼董事經理拿督斯里鄭金森說,目前在當地擁有約4.4%市佔率,更高市佔率有助鞏固公司在美國市場的地位。

 他今天在匯報會說,由于較低產品價格推動,特別是發達國家的需求正轉向丁腈手套

 “有著原品牌生產(OBM)和現有分銷網絡,我們有信心可爭取更高市佔率。”

 原品牌生產目前貢獻速伯瑪約69%銷售額,余額則來自代工生產。

Q&A: When And How Israel Will Attack Iran



A very big question mark hanging over the global table is what the hell is going to happen between Iran and Israel. I spoke with a fellow in Europe I know who has an informed opinion. There were no secrets discussed, but his thoughts on some of the variables including Syria, bunker bombs and timing were interesting.

Will Israel allow Iran to develop a nuke?
Not a chance in hell.

What is the “over - under on timing”?
Certainly less than two years.

Does Israel have the capacity to take out concrete hardened facilities in Iran?
Yes, but this is by no means an easy task.

Explain?
chart

It is not possible for the Israel Air force to attack without going over some other country’s border. The choices are Turkey (Iraq then Iran), Jordan (Saudi Arabia, Iraq then Iran), Syria (Iraq then Iran) or Saudi Arabia (Direct to Iran).


Which route will Israel choose?
It will go over Syria. There would be hell to pay if Israel went over Turkey or Jordan. If the Saudis “permitted” it, the Iranians would retaliate by assassinating Saudis all over the world. So it will be Syria. This is especially true as the country is in chaos today.

Will Syria attempt to shoot down Israeli aircraft flying over its territory?
Yes, it has surface-to-air capability and it also has MiG-23 and MiG-27 fighters. The Israelis will escort their bombers over Syria with their F16s. These fighters will wipe out anything that Syria puts up. The ground-based defenses are old, and no doubt poorly manned these days.

Is it a problem if Israeli attack bombers fly over Iraqi territory?
No one gives a shit about Iraq anymore.

What happens when the Israeli bombers get over Iranian air space?
This question has no answer. If it happens, this would be the most advertised air attack in history. The Iranians have sophisticated radar and surface to air capability they bought from China. It would be a mistake to assume that an attack can be made without losses.

How would the attack take place?
Israel will use its F15s. Each plane will be armed with a single laser-guided bunker buster bomb. It will use their F16s as escorts.
As of today, Israel “officially” has only thirty of these bunker bombs. It has a total of 100 F15 attack bombers, so it needs more bombs to fully utilize their strike capability. Look for a sign on this. If the U.S. agrees to supply more bombs, the timing is close.

What is your guess on the outcome?
It is not possible to predict what will happen in Syria. The chaos today creates the best opportunity for Israel. Who knows what can happen in six months? Every week Iran's defenses get stronger.  This will be resolved, one way or the other, in less than six months.




BIRINYI: We Could Soon See The S&P 500 At 1700



Laszlo Birinyi
Laszlo Birinyi

Yesterday, we pointed out that 1995 was the last time stocks started a year without a 1 percent decline or worse on a single trading day.  That year, stocks surged 34 percent.

Stock market guru Laszlo Birinyi of Birinyi & Associates also pointed to 1995 today. He added that 1994 was relatively flat, kind of like 2011.

"We continue to be bullish and would encourage a more aggressive posture,” wrote Birinyi in his newsletter (via Bloomberg).

He thinks the S&P 500 could head to 1,700 some time this year.

“We are not insisting on a repeat, but do believe that investors should consider the possibility; in 1995 the consensus trade was higher yields, today it is tepid economic growth and the market is suggesting — perhaps insisting — an alternative to that consensus,” he wrote (via MarketWatch).




UPDATE: Saudi Officials Deny Reports Of Pipeline Explosion After Crude Oil Hits $110, But We Have Photos That Could Tell A Different Story



Earlier, Zero Hedge cited reports that a Saudi oil pipeline had exploded—both from Iranian Press TV as well as a blog titled The Arab Digest.

Immediately following Zero Hedge's report, the price of oil shot upwards, hitting $110 per barrel momentarily. That's the highest price of crude since May 4, 2011.

We think the reason that this headline had such an impact on markets is because the report that's generally being cited—that from The Arab Digest—suggests that the explosion is related to the Arab Spring protests:

For the first time in decades, the Eastern Saudi Arabian volatile situation has reached the vital oil sector. A pipeline between Awamiya and Safwa has been reportedly targeted, and is under fire; the Saudi government sources were quick to claim that the fire is one kilometer away from the pipeline. Our correspondent in Qatif confirmed that it is indeed a pipeline area that is targeted. 
Saudi Arabia's Shiite minority, mostly residing in the oil rich east, has been protesting for years against State sponsored discrimination. They are treated as second class citizens, denied public sector jobs, and vital development for their oil rich areas. Saudi Arabia's powerful Wahhabi religious establishment considers Shiites heretics, and constantly incites against them.
Around 4PM, Saudi officials denied reports of the explosion, according to Dow Jones. That appeared to still the rise in prices.



Nonetheless, concerns remain about Saudi officials' motives for the denials, and given the country's tight control of the media there may be reason to dispute their statements.
Here are photos from The Arab Digest, reportedly showing the pipeline on fire. The blog says these photos come from their correspondent based in Qatif.
saudi oil pipeline on fire
This photo evidently shows the pipeline on fire.

saudi arabia oil pipeline on fire
Another photo from The Arab Digest's Qatif correspondent, reportedly showing the pipeline on fire

According to the blog, a violent outbreak would make sense because "the pipeline is located between Awamiya and Safwa, both areas [have] demonstrated in the past two days." The author elaborates:
The Arab Digest correspondent also said that "the region where the Awamiya oil field is located is called alrams, it is an agricultural land. Senior Saudi royal family members stole acres of this land, especially the late crown prince Sultan Ben Abdul Aziz. After stealing the land, and following local anger, he offered to sell it to them again for a high price. People still remember this incident very well. Recently, the government has made plans to destroy the natural landscape of this region, but the locals are protesting against this." The Saudi government has been trying through resettlement plans to change the demographics of the Eastern region, where Shiites remain a majority.
The Arab Digest provides a map of Saudi Arabia's oil fields:
saudi arabia oil fields

Then again, you can't exactly see the pipeline in these images—and we have just the blog to confirm that this is, indeed, the Qatif region of Saudi Arabia—so we are forced to take them with a grain of salt.















STOCKS SURVIVE THE OIL SCARE: Here's What You Need To Know



iraq oil
energia.gr

We got tons of economic data from all over the world today. But a late day surge in oil prices freaked everyone out.

 
First, the scoreboard:

Dow: 12,980.3, +28.2, +0.2%

S&P 500: 1,374.0, +8.4, +0.6%

NASDAQ: 2,988.9, +22.0, +0.7%

And now, the top stories:
  • Today's global economic snapshot started in China.  According to the country's official data, manufacturing PMI climbed to 51.0 in February.  This was up from 50.5 in January, and it barely beat economists' estimate of 50.9.  A reading above 50 signals expansion in the sector.  So this was welcome news for those fearing an economic hard landing.

  • The Markit Economics eurozone PMI number climbed to 49.0 in February from 48.8 in January.  This was right in line with estimates, and it reflected a 6-month high. For the most part, individual eurozone countries saw improvements.  One big loser, however, was Greece whose PMI number plunged to 37.7. 

  • One crucial announcement everyone was waiting for was the ISDA judgment on whether or not a Greek credit event occurred, and if Greek debt credit-default swap (CDS) protection buyers would be paid.  From what it seems, the answer is no.  ...for now.  The ISDA has not ruled out the possibility that a CDS-triggering credit event could occur in the future.

  • In the U.S., weekly initial jobless claims came in at 351k, down from 353k last week.  This was better than the increase to 355k expected by economists.  It wasn't a major surprise, but the number continues to reflect a four-year low.

  • We got conflicting reads on the health of the consumer today.  According the Bureau of Economic Analysis, personal incomes climbed 0.3 percent and spending increased 0.2 percent.  These figures fell short of the the 0.5 percent and 0.4 percent increases expected by economists.

  • February chain-store sales, on the other hand, came in surprisingly strong.  The big winner today was Gap, who reported a 4.0 percent increase, beating estimates for a 1.4 percent decline.  Limited Brands, Macy's, Target, Costco, and TJX also beat estimates.

  • Auto sales also came in strong.  The Detroit three – GM, Ford, Chrysler – all beat analysts' estimates.  Business Insider estimates that U.S. auto sales on a seasonally adjusted annualized rate (SAAR) jumped to around 15.1 million, which is well ahead of estimates calling for 14.0 to 14.4 million.

  • There was some disappointing economic data.  The ISM manufacturing index fell to 52.4 in February from 54.1 a month ago.  Economists were expecting an increase to 54.5. Also, Construction spending unexpectedly fell 0.1 percent versus economists expectation for 1.0 percent growth.

  • Oil prices surged to above $110 per barrel on reports of an explosion in Saudi ArabiaNews outlets have yet to confirm.







10 Things You Need To Know Before The Opening Bell




Kate Moss
Dave M. Benett/Getty Images

Good morning. Here's what you need to know.
  • Asian markets largely sold off in overnight trading, with Hong Kong's Hang Seng falling some 1.4 percent. European shares traded moderately higher as U.S. futures point to a positive open. 

  • A key index measuring Chinese manufacturing increased to 51.0 in February, up from 50.5 one month earlier. New orders rose to 51.0, largely up on exports. Much of the gains were driven by larger industries and businesses, leaving small businesses out in the cold.


  • French unemployment increased to 9.4%, which was slightly below expectations of a rise to 9.6%. According to the government's statistic office, 50,000 more citizens were jobless in the fourth quarter.

  • EU leaders will convene today in Brussels for their next summit. They will likely debate expanding the European Stability Mechanism — the permanent European bailout fund set to take effect this summer. Leaders including Italian Prime Minister Mario Monti have publicly campaigned for an expansion of the fund from its current €500 billion ($667 billion

  • Bank of America is considering adding new fees to its retail client accounts, the Wall Street Journal's Dan Fitzpatrick and David Enrich report. The bank is testing account fees that range from $6 to $25 a month, however the bank will wave those fees if customers maintain a certain minimum balance, have a mortgage or use a BofA issued credit card. According the report, some northeast branches have already received training for a coming U.S. roll out.

  • MF Global employees attempted to reverse the $165 million transfer from customer segregated funds minutes after a counterparty received the assets, an e-mail reviewed by the Journal shows. The transfer is part of the $1.6 billion in funds forensic accountants of the brokerage house's trustee is hunting for. 
  • U.S. economic announcements kick off at 8:30 a.m. with the release of January personal income and spending, along with initial claims. Economists forecast both incomes and spending  will increase 0.4 percent from December results.  Initial claims are expected to rise slightly to 355,000 from 351,000 last week.


  • Earnings from Foot Locker and Kroger will hit the Street, along with February same-store sales. The grocery chain is expected to post earnings per share of $0.49, while consensus for Foot Locker is for $0.51.