Friday, September 5, 2008

Daily news - 5 Sep

CCT - signs up leases for 77,900 sq ft in 2 office towers
CapitaCommercial Trust (CCT) says 77,900 sq ft of office space at Capital Tower and One George Street has been renewed or newly committed for between two and three years. Three companies account for the leases - JPMorgan Chase & Co, BHP Billiton and Shinhan Bank.

Noble - closes at 5-mth low on commodities slump fears
Noble Group Ltd, the commodities supplier that ships iron ore, soybeans and coal, slumped to the lowest close in more than five months in Singapore on concern growth in global demand for raw materials may slow. Share price plunged 8.7 per cent to S$1.58, the second-worst performer in the 30-member Straits Times Index, extending the previous day's 8 per cent decline. It was the stock's lowest close since March 20.

Source: Kim Eng


Market Uncle said...

Hi Mike Dirnt,
Great work! Utterly impressed.

While 9.08 might seem low, your data seems pretty ok. But as you've said it, we can double check with the ifast report.

By the way, the overall p/e for the index is a useful to guide to do a litmus test for the localised market in general, hence I'm not so particular in getting it "right".

So, capitalisation for weightage will do just fine.

By the way, I am very interested in getting rolling (instead of historical) p/e chart for STI over the years. If you happen to come cross this info, do let me know. Thank a million!

Mike Dirnt said...

thanks. i see you write good analysis! keep it up.

i wonder why did you post in the wrong section. :)

i did post another method to calculate the PE ratio. but that one you need to open latest FTSE report, check the individual weight of stocks from the index and multiply by its PE. then add up all the values and you get the PE ratio.

this second method requires manual input from latest FTSE report. so i rather extract from DBS Vickers and put into excel to do the automatic calculation.

unfortunately we got limited free research data for our market. so i have never came across rolling PE. will let you know if i find out a source.