Business Times - 26 Jan 2009
Market's outlook? Element-ary, say feng shui masters
Geomancy consultants foresee Singapore stock market recovering in third quarter
By CHEW XIANG
CHUCK out the ratios and balance sheets. Unlike traditional stock market analysts - who got 2008 all wrong, anyway - the methods of the masters are more mysterious.
'I can't really explain it to you, but I can show it to you. It's based on calculating and psychology,' says geomancer Jason Chng.
Geomancy masters such as Mr Chng believe in the Chinese art of feng shui - that the universe is made of five elements, and that fortunes can be predicted by manipulating the environment with certain techniques.
The pleasing thing, for stock market punters, is that feng shui is able to offer far more specific calls than research houses can with their complex mathematical models. 'Feb 4, there will be some climbing back. It's a fire month, fire will support the shares,' says Mr Chng.
Sean Lui, senior consultant for World of Fortune, says there will be a 'major event to spark the local market in Q3'.
'There will be a sudden jump, it's a very exciting quarter based on past history.' He advises punters to bet on 'any Earth-related stock: chemicals, petroleum, property', since it's an 'earth' year.
And for the same reason, marine and shipping-related stocks are bad news, because they are linked to the opposing 'fire' element, he says.
Mr Chng agrees. 'Property stocks are very good this year but property prices will be terrible,' he says. He favours CapitaLand among the listed real estate plays. 'It's a good buy,' he says. 'I just saw today (Friday) it fell a lot, so it's good to buy now. Ship building is no good.'
Ang Kian Cheong, a feng shui consultant, also says a third-quarter (or autumn) recovery is likely. Spring and summer will be largely flat for finance, but agricultural stocks are to be favoured - the Earth theme, again - while 'wood' related companies should be interesting.
Wood companies are those in services, he says, as well as those dealing with paper and transport. SMRT Corp on Friday said net profit for its third quarter to Dec 31 rose 7.6 per cent to $41.2 million.
And 'metal' firms aren't bad either this year, Mr Ang says. That means cars, aeroplanes and electronics, which will be music to the ears of Creative Tech, which has just announced its biggest quarterly loss for eleven quarters.
The masters BT spoke to did not restrict their visions to the stock market. '2010 will be a very volatile year for the whole world economy,' says Mr Lui. 'Plenty of people will in one night move from success to bankruptcy.' Meanwhile, he predicts there will be a 'big storm' in Singapore politics in 2009.
Mr Ang says China will start tanking around mid-year. 'In the summer, their economy will start moving backwards, and that will affect Asean.'
Also, 'Thailand will see a very big crisis'; 'America is very bad now, but should recover in early 2010', and Mr Obama is going to be a great president, Mr Ang says.
You read it here first.
- ► 2012 (318)
- ► 2011 (1050)
- ► 2010 (1303)
- 25 Random Facts About Me
- Base Location for Gears Running in Firefox
- Common Interview Questions on ADO.NET
- First Official Description of GDrive
- Google Chrome Spoof to be Safari to Get Past Hotma...
- Looking for SCS Members
- Gmail offline: A guided tour
- Offline Gmail Move Advocates a Mix of On-Premise a...
- How Offline Gmail Gets Synchronized?
- Watch the Final Gmail Collaborative Video
- Ten Years of Google
- Google Gmail Goes Offline
- Unjustified Jump in Food Prices during Chinese New...
- Market's outlook? Element-ary, say feng shui maste...
- More Signs of a Google Webdrive
- Windows 7.0 Final Nail in the Desktop Linux Market...
- History of the Internet
- Public Transport Operators Mull Possible Fares Red...
- Directory Listing Web Application in VBScript
- Microsoft CEO Steve Ballmer Memo to Employees On 5...
- Another Inspirational Speech by Obama - Whistle St...
- Singapore Budget 2009
- Comments on Finance Minister Tharman Speech Delive...
- How to Disable Windows AutoRun Feature
- Modules to Take This Semester (Finalized)
- AIG to NOT Renew Sponsorship With Manchester Unite...
- Windows Internet Explorer 8 Beta
- S R Nathan Congratulated 44th U.S. President Obama...
- HSBC Rating Downgraded by Societe Generale
- MTI Revises Forecasts for 2009 GDP Growth to -5.0 ...
- Inauguration of 44th U.S. President Obama Reminds ...
- Government Sector to See Pay Cut
- Royal Bank of Scotland (RBS) to Be Next Victim?
- Hopeful for U.S. President-Elect Obama
- What Does Democracy Means?
- Google Gmail Upcoming Features
- Gmail Labs New Feature: Send & Archive
- Amazing Close Up Video of US Airways Flight 1549 C...
- News Leak: Hudson Crash from Coast Guard Camera
- Project Management Explained
- President George W. Bush Farewell Speech
- How big is a string in .NET?
- Freight rates sink to zero as trade dives
- Plane Crash Hudson River But All Safe After 5 Minu...
- Modules Likely to Ballot For
- Apple Steve Jobs to Step Down Until End of June
- Vulnerabilities in SMB Could Allow Remote Code Exe...
- Carol Bartz Joins Yahoo! as Chief Executive Office...
- Wish List for Budget 2009
- New EZLink Card Marketing Gimmicks
- Somali pirates drown as they flee with ransom
- Windows 7 Beta Download Extended to 24 Jan
- Finally Got My Windows 7 Beta Product Key
- Windows 7 Beta Still Unavailable for Download
- Spam Comments Will Not Be Published
- The Dumbest Gadget of CES 2009
- New EZLink Card No Deposit Not True
- Google Changes Favicon Again
- How to run a legal copy of Vista for 120 days with...
- Direct Download Link for Windows 7 Beta
- Windows 7 Beta Download Pulled Off Due to Overwhel...
- Unable to Download Windows 7 Beta
- NUS School of Computing Welcome Tea
- In Support of National Library Board Latest Polici...
- Google Chrome 2.0 Pre-Beta Out
- How to Get Your Windows 7 Beta 1 on Friday
- Times Are Bad and Even US Porn Industry Are Asking...
- Microsoft to Release Windows 7 Beta for FREE Downl...
- Singaporeans to Work and Work Until 65 Years Old
- Ultimate List of Free Windows Software from Micros...
- Apple's Steve Jobs Losing Weight Due to Hormone Im...
- What Courses Should I Take?
- The Crunchies 2008 Awards Open for Voting
- Five Best Media / Video Converters
- Singapore Economy for Year 2008 Revised Downwards
- Two Years of Financial Mayhem
- Stolen Madoff statue returned with note attached
- Chartered alert adds to woes for Singapore
- Is Microsoft Massive Layoffs for January Going to ...
- China Convicts 11 For Pirating Microsoft Products
- Microsoft's Zune Leap Year Bug
- Happy New Year 2009
- ▼ January (82)
- ► 2008 (838)
- ► 2007 (479)
- ► 2006 (338)
- ► 2005 (232)
- ► 2004 (389)