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STOCKS NEWS SINGAPORE-Property shares fall after strong data

Singapore's main index edged lower, with property stocks bearing the brunt on market worries the government might come up with new measures to rein in the buoyant residential property sector.

The benchmark Straits Times Index <.FTSTI. Asian markets eased due to euro zone debt woes.

Shares of CapitaLand, Southeast Asia's > was down 0.5 percent to 2,978.1 points, after a higher openlargest property developer, fell 1.4 percent, while its rival City Developments Ltd shed 1.4 percent.

Among gainers, K-REIT Asia gained 3.2 percent to S$0.97, its highest in six months, boosted by a doubling of first quarter distribution per unit and upbeat broker reports.

1405 (0605 GMT)

(Reporting by Harry Suhartono in Singapore;harry.suhartono@thomsonreuters.com)

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13:09 STOCKS NEWS SINGAPORE-Strong property sales heighten policy risk

Brokers expect booming private residential property sales in Singapore, especially in the mass market segment, to result in the government imposing another round of tightening measures.

"The bulk of the strong volumes represent demand for small mass market units that are substantially investment-driven in our view," CIMB Research said.

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STOCKS NEWS SINGAPORE-Property shares fall after strong data

Stocks decline after uninspiring earnings

By msnbc.com news services

Stocks declined Wednesday after uninspiring earnings from IBM and Intel, while Chesapeake Energy sank after a Reuters report highlighted that its CEO has taken out large and unusual personal loans.

Chesapeake Energy fell and was the most actively traded stock on the New York Stock Exchange after a Reuters report that CEO Aubrey K. McClendon did not disclose loans of as much as $1.1 billion over the last three years against his stake in thousands of the company's oil and natural gas wells.

International Business Machines Corp and Intel Corp were among the biggest drags on the Dow. IBM missed its revenue forecast, while investors said Intel's results failed to make a "bull case" for the stock.

The lackluster reports from the two technology heavyweights came at the start of what has so far been a strong earnings season. The S&P 500 had its best day in a month on Tuesday as Coca-Cola Co led the day's round of solid earnings and concerns eased over the euro zone debt crisis.

Bruce Bittles, chief investment strategist at Robert W. Baird & Co in Nashville, Tennessee, expects the market to continue its back-and-forth moves, possibly trending lower in the second quarter after strong gains earlier in the year.

"A consolidation or correction phase in the second quarter would make the most sense, and probably it would be the most healthy thing for the market," he said.

On the earnings front, 22 companies in the S&P 500 were expected to report results on Wednesday, according to Thomson Reuters data. Of the 56 S&P 500 companies reporting through Wednesday morning, 79 percent beat Wall Street's estimates.

"Investors should not overreact to positive news nor should they be overreacting to really what could be viewed as isolated earnings reports. One report does not make a trend, unfortunately," said Tim Speiss, a partner at EisnerAmper in New York.

Yahoo Inc gained ground a day after reporting that quarterly revenues rose in the first quarterly sales growth in three years, as the new CEO outlined plans to revamp the struggling Internet media company.

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Stocks decline after uninspiring earnings

Stocks to Watch: eBay, Qualcomm, Yahoo!

NEW YORK -- eBay EBAY , the online auctioneer, is expected by analysts Wednesday to report first-quarter earnings of 52 cents a share on revenue of $3.15 billion. Think Equity is bullish on eBay, and it is expecting both PayPal and the company's Marketplaces businesses to do well. "We believe eBay will report 1Q12 results that are above our projections on revenue and in line on pro forma earnings per share," said the firm in a preview of eBay's results. "Intra-quarter channel checks across Marketplaces have come back largely positive and we believe the extra shopping day in February and mix-shift to fixed price should help overall growth." Qualcomm QCOM , the wireless chipmaker, is expected to post fiscal second-quarter earnings of 96 cents a share on revenue of $4.84 billion. Five Down-Days Doesn't Make a Bad Apple Yahoo! YHOO posted better-than-expected first-quarter results. Yahoo! earned 23 cents a share on revenue of $1.08 billion. Analysts were expecting profit of 17 cents a share on revenue of $1.06 billion. The Internet company also gave stronger-than-expected second-quarter revenue guidance. On the Yahoo! conference call Tuesday, CEO Scott Thompson announced the company is cutting 50 properties, but didn't say which properties were being unloaded. Thompson was also asked about the sale of its Asian assets, and noted that Yahoo! is "continuing to pursue active discussions with Alibaba." Five Down-Days Doesn't Make a Bad Apple Intel INTC topped Wall Street's first-quarter expectations but forecast a decline in gross margins in the second quarter. Intel reported non-GAAP earnings of $2.9 billion, or 56 cents a share, on revenue of $12.9 billion for the first quarter; analysts were calling for profit of 50 cents a share in the March-ended quarter on revenue of $12.84 billion. For the second quarter ending in June, Intel said it expects revenue of $13.6 billion, plus or minus $500 million, which compares to the current Wall Street consensus view for revenue of $13.45 billion. Gross margin for the second quarter is forecast at between 62%-63% on a non-GAAP basis, a decline from a non-GAAP gross margin of 65.1% in the first quarter. 5 Most Beautiful Cars of All Time IBM IBM missed Wall Street's first-quarter revenue forecast. IBM, on Tuesday, reported revenue of $24.67 billion and earnings of $2.78 a share, compared with $24.6 billion and $2.41 in the same period last year. Analysts surveyed by Thomson Reuters expected IBM to report revenue of $24.77 billion and earnings of $2.65 a share. First Solar Addresses the Past, Future Still a Mess Two components of the Dow Jones Industrial Average issue results on Wednesday: American Express AXP and United Technologies UTX . -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.

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Stocks to Watch: eBay, Qualcomm, Yahoo!

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Trulia Is Said to Pick JPMorgan, Deutsche Bank to Manage Its IPO

By Ari Levy and Serena Saitto Print Article

(BloombergBusinessweek)Trulia Inc., an Internet startup focused on residential real estate, hired JPMorgan Chase & Co. (JPM) and Deutsche Bank AG (DBK) to manage its initial public offering, according to two people with knowledge of the matter.

The San Francisco-based company is likely to go public in the second half of this year and will be valued at less than $1 billion, said the people, who declined to be named because the talks are private. Trulia is also working with Class V Groups Lise Buyer, who advises startups on IPOs, the people said.

Trulia, a rival to Zillow (Z) Inc., provides a search engine used by over 20 million people a month to look for homes in specific neighborhoods. It also offers reviews on local schools and crime rates. The company makes money through ads on the site and subscriptions that let real estate agents target users and get their listings featured prominently.

Trulia is capitalizing on the best stretch of Internet IPOs in more than a decade, with LinkedIn Corp. (LNKD), Groupon Inc. and Zynga Inc. all going public in the past year. Trulia is following the lead of fellow real estate website Zillow, which went public in July and has since jumped 77 percent to a valuation of almost $1 billion. While Zillow has more revenue, Trulia is growing faster, the people said.

Ken Shuman, a spokesman for Trulia, declined to comment, as did JPMorgan representative Jennifer Zuccarelli and Deutsche Banks Duncan King. Buyer said she doesnt disclose which companies shes working with.

Staffing Up

Trulia has been bolstering its executive ranks. In December, it hired Sean Aggarwal, former vice president of finance at EBay Inc.s PayPal unit, as chief financial officer. The company also named former Imperva Inc. executive Scott Darling as general counsel. Early last year, it hired former Yahoo! Inc. executive Paul Levine as its operating chief.

Chief Executive Officer Pete Flint co-founded the company in 2005 with Sami Inkinen, Trulias president. Trulia has raised $33 million from investors, including Sequoia Capital, Accel Partners and Fayez Sarofim & Co.

Trulia hasnt disclosed its revenue or profit. Sales at Seattle-based Zillow, meanwhile, more than doubled last year to $66.1 million. It reported net income of $1.1 million, following a loss of $6.77 million the prior year.

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Trulia Is Said to Pick JPMorgan, Deutsche Bank to Manage Its IPO