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John Embry: We Are Now On The Verge Of A Historic Meltdown & Collapse

warning signs

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21-Aug-2013 13:21

AusGroup / RTO ISKANDER MALAYSIA LIST IN ASX

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why would investors in Aus give a hoot abt a company with Iskandar projects in Malaysia?

wouldn't it be better to list in SGX?

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21-Aug-2013 11:45

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Asian financial crisis just like '97-98?

Malaysia next in crosshairs as Asian contagion risks grow

[KUALA LUMPUR] Indebted, commodity-dependent Malaysia will be in investors' crosshairs on Wednesday as heavy selling of Indonesia and India's currencies threatens to spread to other Asian economies seen as most vulnerable to a withdrawal of US monetary stimulus.

After Indonesia, where concerns over a gaping current account deficit sparked a stock market and currency rout this week, Malaysia and neighbouring Thailand are seen as the most vulnerable Southeast Asian markets to contagion effects.

" There is a lot of resemblance to prior crises like 1997-98. We have had two countries going down, India and Indonesia, and now you have got to start thinking about the third and fourth countries," said Pradeep Mohinani, a Nomura credit analyst in Hong Kong.

" The likely candidates would be those with high fiscal deficits, slowing economies and high foreign ownership of government bonds. Thailand and Malaysia tick most of the boxes in that regard." Economists say that both those countries, as well as the fast-growing Philippines, are to some extent protected from major turmoil by their much stronger external balances compared with Indonesia and India.

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21-Aug-2013 11:03

Yamada Green Res / Yamada-Since it IPO at 0.22c-good response

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Last:0.225 Vol:8773k

-0.005

22.5c sell q getting cleared..

just saw 900 lots buy up @ 22.5c in the transaction history

hope it's for the rally to come..

gd luck dyodd

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21-Aug-2013 10:12

Kori / Competitor of Yongnam

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Time: 10:01AM
Exchange: SGX
Stock: Kori(5VC)
Signal: Support - Broken with High Volume
Last Done: $0.445

so fast reveresal..

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21-Aug-2013 10:08

Yoma Strategic / YOMA

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Last:0.745 Vol:8734k

+0.02

can somebody remind me what's YOMA PE now?..

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21-Aug-2013 09:16

Yamada Green Res / Yamada-Since it IPO at 0.22c-good response

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i'm in @ 22.5

see can ride on the volume surge today..

gd luck dyodd

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21-Aug-2013 09:10

Kori / Competitor of Yongnam

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Time: 9:06AM
Exchange: SGX
Stock: Kori(5VC)
Signal: Resistance - Breakout with High Volume
Last Done: $0.475

ozone2002 ( Date: 21-Aug-2013 09:07) Posted:

Last:0.47 Vol:1255k

+0.01

effect after announcement

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21-Aug-2013 09:07

Kori / Competitor of Yongnam

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Last:0.47 Vol:1255k

+0.01

effect after announcement

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21-Aug-2013 09:03

Yamada Green Res / Yamada-Since it IPO at 0.22c-good response

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6.3 million done @ 23c..

wow..

yesterday's candlestick formation was a bullish indicator..

gd luck dyodd

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21-Aug-2013 08:47

Kori / Competitor of Yongnam

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Catalist-listed Kori Holdings Limited announced that it has entered into a convertible bond subscription agreement with Keong Hong Holdings Limited, which is also listed on the Catalist board. Keong Hong has agreed to subscribe for a convertible bond with a principal amount of S$5.0 million at an interest rate of 5 per cent per annum. The bond is due to mature in 2016. The bond may be converted into ordinary shares in the capital of Kori at a price of S$0.42 per conversion share, which represents a discount of 9.77 per cent to the volume-weighted average price of S$0.4655 for trades done on the SGX from August 16 to 19. The number of conversion shares that can be issued on conversion of the bond is 11,904,000 and will be admitted to listing on Catalist. ?Keong Hong Holdings Limited is in a business akin to ours and we view that there will be potential synergies between the two companies in the future. With the proceeds from the issuance of the convertible bond, we will be able to acquire companies of a similar trade as part of our expansion plan,? said Mr Hooi Yu Koh, CEO and Managing Director of Kori. (Closing price: S$0.46, -2.128%)

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20-Aug-2013 14:56

Yamada Green Res / Yamada-Since it IPO at 0.22c-good response

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0.215 Vol:1289k

-0.015

SUPPORT BROKEN!

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20-Aug-2013 14:24

China Minzhong / China Minzhong Food forum

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Last:1.035 Vol:3294k

-0.02

Giam cai today

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20-Aug-2013 14:11

Yamada Green Res / Yamada-Since it IPO at 0.22c-good response

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Last:0.22 Vol:861k

-0.01

support 22c being tested..

ozone2002 ( Date: 15-Aug-2013 09:29) Posted:

Last:0.23 Vol:495k -

next support @ 22c.. if that support is broken..it's all the way down to 11c..

gd luck dyodd

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20-Aug-2013 13:38

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Capital Flows Back to U.S. as Markets Slump Across Asia

By Shamim Adam and Kevin Hamlin - Aug 19, 2013

Asia?s role as the world?s growth engine is waning as economies across the region weaken and investors pull out billions of dollars. The Indian rupee fell to a record low yesterday, Thailand is in recession and Indonesia?s widest current-account deficit pushed the rupiah to the lowest level since 2009. Chinese banks? bad loans are rising and economists forecast Malaysia will post its second straight quarter of sub-5 percent growth this week. The clouds forming in Asia as liquidity tightens and China?s slowdown curbs demand for commodities and goods are fueling a selloff of emerging-market stocks, reversing a flow of money into the region in favor of nascent recoveries in the U.S. and Europe. Emerging markets from Brazil to Indonesia have raised borrowing costs in 2013 to try to aid their currencies as the prospect of reduced U.S. monetary stimulus curbs demand for assets in developing nations. ?The eye of the storm is directly above emerging markets now, two years after it hovered over Europe and four years after it hit the U.S.,? said Stephen Jen, co-founder of hedge fund SLJ Macro Partners LLP in London and former head of foreign-exchange strategy at Morgan Stanley. ?This could be serious for Asia.? Almost $95 billion was poured into exchange-traded funds of American shares this year, while developing-nation ETFs saw withdrawals of $8.4 billion, according to data compiled by Bloomberg. Signs of a stronger U.S. economy may prompt the Federal Reserve to begin paring its $85 billion in monthly bond purchases as soon as next month. Swinging Back ?The pendulum is swinging back in favor of the advanced countries,? said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., which oversees about $130 billion. ?It?s one of these things that happens once a decade or so when you see a turn in relative performance. We?ve entered a tougher, more difficult period? for Asia. In the past three months the MSCI Asia Pacific Index has fallen 7.7 percent, compared with a 1.2 percent decline in the Standard & Poor?s 500 Index and a 1.6 percent drop in the Stoxx Europe 600 Index. Developing Asia will grow 6.9 percent in 2013, the IMF said in July, cutting its forecast by 0.3 percentage point. Yesterday, India?s benchmark index dropped 1.6 percent, Indonesia?s lost 5.6 percent while Thailand?s fell 3.3 percent. Indian policy makers led by Prime Minister Manmohan Singh are battling to stem the rupee?s plunge, attract capital flows to bridge a record current account deficit and revive growth. The currency has weakened about 28 percent versus the dollar in the past two years, reviving memories of the early 1990s crisis, when the government received an International Monetary Fund loan as foreign reserves waned. Indian Problems ?It seems now the pain is going to be in the emerging markets,? said Nitin Mathur, an analyst in Mumbai at Espirito Santo Investment Bank who expects sectors with higher valuations such as consumer goods to suffer the biggest declines. ?The problems in India are not temporary blips. The problems are much more serious which will take a lot of effort to get resolved.? In Thailand, the economy entered recession last quarter for the first time since the global financial crisis. Toyota Motor Corp. said last month industrywide car sales in Thailand will fall 9.5 percent this year. The government cut its 2013 growth forecast yesterday as exports cooled and local demand weakened, with higher household debt restricting scope for monetary easing. Thai Credit Thailand?s private-sector credit as a share of gross domestic product has ?increased significantly? in recent years raising concern about financial stability, Krystal Tan, an economist at Capital Economics Ltd. in Singapore, said in a Bloomberg Brief commentary. Taiwan last week cut its 2013 growth and exports forecasts and said the global outlook for the second half is worse than in May. The island?s export orders probably fell for a sixth month in July, a Bloomberg survey showed before data due today. ?We are seeing a turning point,? said Freya Beamish, Hong Kong-based economist with Lombard Street Research, who says China?s competitiveness has been hurt by labor costs that are 30 percent too high. ?China?s seeing flat to falling growth on our estimates so the region?s clouds are already here.? Sentiment is also being subdued by the prospect of a decline in U.S. stimulus, money that often finds its way to export-based countries in payment for goods. Investors will be looking for clues on how quickly the U.S. Federal Reserve will trim its $85 billion in monthly asset purchases when the Federal Open Market Committee?s July meeting minutes are released on Aug. 21. Flow Reversing The $3.9 trillion of cash that flowed into emerging markets over the past four years has started to reverse since Chairman Ben S. Bernanke talked about a tapering in quantitative easing this year. The slowdown in Fed bond buying will probably begin next month, according to 65 percent of economists surveyed by Bloomberg from Aug. 9-13. The JPMorgan Emerging Markets Currency Index has declined 2.4 percent since Bernanke?s June 19 tapering comment. The Bloomberg Dollar Index, which monitors the greenback against 10 major currencies, is almost unchanged over the same period. ?The emerging Asia story is crumbling and dollar is once again the king,? said Indranil Pan, chief economist at Kotak Mahindra Bank Ltd. in Mumbai. India?s moves to tighten cash supply, restrict currency derivatives and curb gold imports since July failed to arrest the rupee?s slump to a record low of 63.23 per dollar yesterday. UBS AG says a drop in the currency to 70 is possible. The deficit widened to an unprecedented 4.8 percent of GDP in the year ended March 31. The government plans to narrow the gap to 3.7 percent, or $70 billion, this year, Finance Minister Palaniappan Chidambaram said Aug. 12. Policy Gap India?s slump is worse than elsewhere in Asia because the country has failed to carry out long-overdue structural changes to the economy, said Pan at Kotak Mahindra Bank. ?In India, we have great policies on paper but the gap between the what?s on paper and the implementation is unduly large,? R.C. Bhargava, chairman of Maruti Suzuki India Ltd., the nation?s biggest carmaker by volume, said in an interview. ?If we just implement what?s already there, we can get back on track in the next two to three years.? Richard Jerram, chief economist at Bank of Singapore Ltd., says the market declines reflect overly ambitious expectations rather than fundamental weakness in the economies. ?There?s a good structural story based on the underlying domestic demand,? said Jerram, who has analyzed Asian economies for two decades. ?What you see at the moment is reaction from expectations being unrealistically positive maybe 12 months ago, to now becoming more realistic.?

Japan Rising One bright spot is Japan, which has seen its economy bounce back on Prime Minister Shinzo Abe?s fiscal and monetary stimulus. The Topix stocks index has risen 34 percent this year. Abe has yet to show that he can sustain the recovery by restructuring company and labor laws and taming the nation?s debt, which topped 1 quadrillion yen ($10 trillion) in June. ?Asia still has potential in the next three years or more, but in the shorter term, momentum for business is slowing down,? said Shuichi Hirukawa, senior fund manager at Mizuho Asset Management Co. in Tokyo. ?Investors may become more cautious.? China?s economy last quarter extended the longest streak of expansion below 8 percent in at least two decades, curbing earnings at companies such as Hong Kong-based Cathay Pacific Airways Ltd. Still, there are signs of improvement. Industrial output rose more than economists estimated in July, after larger-than-forecast rebounds in exports and imports and improvement in gauges of manufacturing and service industries. China Change China is making efforts to bolster confidence. Overall liquidity in China is ample as banks channel more funds to agriculture and small businesses in the world?s second-largest economy, People?s Bank of China Governor Zhou Xiaochuan said on state broadcaster China Central Television yesterday. ?Some Asian countries, especially India, have their own significant domestic challenges,? said Jim O?Neill, the former Goldman Sachs Group Inc. economist who coined the term BRIC in 2001 to describe Brazil, Russia, India and China. ?But China is slowing primarily to improve its growth model and at 7-7.5 percent annual growth is still delivering $1 trillion nominal GDP. And Japan, still Asia?s No. 2 economy, is looking better than it has done for a very long time.? The slowdown in economies such as Indonesia and Thailand is part of a ?very, very global? weakness, World Bank Chief Economist Kaushik Basu told reporters in New Delhi yesterday. ?So Slow? The U.S. recovery ?was so slow that even the slightest pick up is looking like a pick up,? Basu said. ?I don?t think the Asian situation is any worse. In fact, if anything, Asia is probably better off than the rest of the world.? That may not help markets in Asia as money continues to flow back to Europe and the U.S., said Oliver at AMP Capital. Norway may say today its economy expanded in the second quarter after a contraction in the previous three months, a survey showed. The Federal Reserve Bank of Chicago will release a report on U.S. economic activity for July. ?Asia will still be a stronger part of the world than the U.S. or Europe but compared to people?s expectations Asia is likely to come in a little bit lower than expected,? he said. The IMF in July forecast global growth of 3.1 percent and projected advanced economies would expand 1.2 percent this year. Stocks Opportunity ?We see this drop as an opportunity to buy selectively those stocks that have been overpriced? such as banks and consumer shares, Kiekie Boenawan, Jakarta-based head of investment at PT Schroder Investment Management Indonesia, wrote in an e-mail yesterday. Investors will be scanning data from Chinese factories to Malaysian growth this week for further signs of weakness. An Aug. 22 flash reading for China on a manufacturing purchasing managers? index by HSBC Holdings Plc and Markit Economics is expected to come in at 48.1 for August, from 47.7 in July, according to the median economist estimate compiled by Bloomberg. A reading below 50 indicates contraction. Malaysia?s central bank on Aug. 21 may post data showing 4.7 percent economic growth in the second quarter from a year earlier, after rising 4.1 percent in the January-March period, its slowest rate since September 2009, according to the median estimate of economists in a Bloomberg survey. Brazil?s Real Slumping currencies and inflation risks in emerging markets are adding to pressure on central banks to raise interest rates. Brazil increased its benchmark rate this year more than any major economy to prevent higher prices from slowing consumption and investments. The real weakened beyond 2.4 per dollar for the first time in four years yesterday. Higher rates in turn would hit consumers in countries where cheap mortgages and easy credit have fueled housing booms. ?Southeast Asian consumers have taken on much higher debt in the last few years,? Royal Bank of Scotland Group Plc analyst Sanjay Mathur wrote in a July 18 report. He said the largest increase was in Malaysia, where household debt increased by 20 percent of GDP between 2008 and 2012. There?s a feeling that ?the rest of the world?s getting a bit better and Asean?s had its sort of burst of credit-enhanced growth,? said Edward Teather, an economist at UBS AG who covers Southeast Asian markets from Singapore. ?It?s raining already.?

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20-Aug-2013 10:21

Kori / Competitor of Yongnam

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Pending release of an announcement.

The Company was listed on Catalist of the Singapore Exchange Securities Trading Limited (the " SGX-ST" ) on 11 December 2012. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the " Sponsor).

This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Mark Liew, Managing Director, Corporate Finance, at 20 Cecil Street #21-02 Equity Plaza, Singapore 049705, telephone (65) 6229 8088.

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