Phillip CFD Privileged Clients' Night 2011

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The Year of the Rabbit marks the 8th Anniversary of Phillip CFD as well as the introduction of CFDs to Singapore. On 28th January 2011, Phillip CFD held our annual Privileged Clients' Night with our top clients at Pontini, Grand Copthorne Hotel, to show our appreciation for their business during the past year.

The Year of the Rabbit marks the 8th Anniversary of Phillip CFD as well as the introduction of CFDs to Singapore. On 28th January 2011, Phillip CFD held our annual Privileged Clients' Night with our top clients at Pontini, Grand Copthorne Hotel, to show our appreciation for their business during the past year.

Guests were greeted by Mr Luke Lim, Head of Phillip CFD, and were given a Stock Traders' Almanac as a token of our appreciation. The Stock Traders' Almanac contains daily historical statistical data on the Dow Jones, Nasdaq and S&P500. Mr Lee Chang Wen, CFD Market Making Manager, gave a brief presentation on the usage of the Almanac and therefore, how to plan ahead and strategise one's trades with the given data. Clients who trade using either technical or fundamental analyses learnt that they are able to use the Almanac to their trading advantage (be it in stocks or even commodities) due to the correlation between the Singapore market and the US market.

To further help clients in their trading for the year, Phillip Research Economist, Mr Joshua Tan, gave a Market Outlook for the Year of the Rabbit. The general outlook is a positive one, with the forecast that Singapore is entering into the second leg on a bull market as seen from the expansion in PE due to investors' belief that growth and EPS durability and perceived policy tightening are signs of strength and thus, are willing to pay more. One must note that signs that this second leg is ending when EPS accelerates and tops out.

Besides the Singapore market, Mr Tan also covered the US and China markets. For the US, he shared that growth is broadening as with past recoveries and services should compensate the slow manufacturing sector. There would be little double-dip risk for US currently as Fiscal Stimulus 2 is as big as Fiscal Stimulus 1, there is a rise in private sector wages and decent consumption level. He believes that the US is currently in the midst of the second leg of its bull market where growth is more secure, inflation is back and the Fed has tightened its policy. Relative to bonds, US stocks are the cheapest that they have been in 20 years so the recommendation is to long US stocks through ETFs this year.

With the increasing popularity of technical analysis, clients were also introduced to MetaStock, a charting programme offered by CyberQuote, which clients may find useful be it whether they simply want to look at charts, run daily scans for new stock picks or to build an automated trading solution.

The evening also marked the unveiling of the new Phillip CFD website (http://www.phillipcfd.com) which we have improved to allow easier navigation and to cater to our clients' needs. The new website now includes up-to-date videos and commentaries as well as articles to keep our clients constantly updated.

We hope that all of these will complement our clients' current trading strategies and that they takeaway better insights into the markets in order to continue trading with confidence. In all, we would like to wish all of our clients Happy Trading in the Year of the Rabbit!

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