| Latest Forum Topics / Yanlord Land Last:0.645 -- |
 Post Reply
|
|
Lord of China Prop
|
|||||
|
ronleech
Master |
07-Aug-2009 17:21
Yells: "Believe in yourself. Ride with the waves......" |
||||
|
x 0
x 0 Alert Admin |
100% not good lah...either it will go other way up... | ||||
| Useful To Me Not Useful To Me | |||||
|
dealer0168
Elite |
07-Aug-2009 16:42
|
||||
|
x 0
x 0 Alert Admin |
Not a good news fr Yanlord: CCB to Cut New Lending by 70%, President Zhang Says (Update3) By Bloomberg News Aug. 7 (Bloomberg) -- China Construction Bank Corp. President Zhang Jianguo said the nation’s second-largest bank will cut new lending by about 70 percent in the second half to avert a surge in bad debt. “We noticed that some loans didn’t go into the real economy,” Zhang, 54, said in an interview yesterday at the bank’s headquarters in Beijing. “I feel that some industries are expanding too rapidly. For example, housing prices are rising too fast, and housing sales are growing too fast.” Construction Bank plans to extend about 200 billion yuan ($29 billion) of new loans in the second half, down from 708.5 billion yuan in the preceding six months, Zhang said. The company advanced 238 billion yuan in the year-earlier period. Zhang’s comments add to evidence that Chinese banks may curtail credit after they advanced a record $1.1 trillion of new loans in the first half, almost equivalent to India’s gross domestic product last year. The benchmark Shanghai Composite Index has rallied 84 percent in 2009 and real estate and land prices have rebounded, fueling concern that loans meant for infrastructure projects are being used for speculation. The benchmark index dropped for a third day, losing 1.3 percent, as developers including Poly Real Estate Group Co. and China Vanke Co. tumbled on news that Construction Bank would curb new lending. Construction Bank slipped 3.2 percent to HK$5.75 at the 12:30 p.m. trading break in Hong Kong. Risks The People’s Bank of China said Aug. 5 it will use “dynamic fine-tuning’ and guide ‘‘appropriate’’ loan growth. The statement suggests the central bank will tighten monetary policy, said Galaxy Securities Co. chief economist Zuo Xiaolei. Construction Bank said last month it plans to follow government monetary policy. Construction Bank’s market value of $176 billion ranks it third among banks in the world by that measure, behind Industrial & Commercial Bank of China Ltd. and HSBC Holdings Plc. China spent about $650 billion cleaning up its banking system over the past decade after years of state-directed lending caused a pile-up of bad debts. Excess capacity in some industries and a property bubble has led to increased risks for banks, said Zhang. ‘‘Our experience is, a period of time after rapid economic growth and rapid bank lending growth, problems will emerge gradually,’’ he said. ‘‘The risk is evident.’’ While slowing loans at home, Zhang said he plans to expand abroad to close a gap with ICBC and Bank of China Ltd. Shares of Construction Bank have gained 36 percent in Hong Kong this year. Asia Acquisition Construction Bank is in advanced talks about an acquisition in Asia outside mainland China, Zhang said. The deal has gotten regulatory approval and may close in the next two to three months, he said. Zhang declined to identify the target or give the size of the deal. The bank, with $186 billion of cash, hasn’t made any acquisitions abroad since August 2006. That’s when the Chinese lender bought Bank of America Corp.’s Hong Kong and Macau unit for $1.25 billion, gaining 17 outlets. ‘‘Our disadvantage is that our overseas development isn’t adequate,” Zhang said. “We didn’t grasp enough acquisition opportunities in the past few years.” Revenue from outside mainland China accounted for 1.7 percent of Construction Bank’s total in 2008. The bank has outlets in New York, London and a representative office in Sydney, and is seeking a banking license in Vietnam, Zhang said. Larger rival ICBC has spent more than $6 billion on acquisitions in Indonesia, Macau and South Africa in the past two years. U.S. Dollar Construction Bank is also seeking to buy “close to” 50 percent of China Cinda Asset Management Corp., one of the four firms set up by the government in 1999 to clean up banks’ balance sheets after they racked up bad debts, said Zhang. The bank needs approval from the finance ministry and from regulators for the purchase, he said. Cinda is fully state owned. Zhang expressed confidence in the dollar, saying it won’t be supplanted as the world’s reserve currency anytime soon. Chinese policy makers have said they favor an eventual shift in the global currency reserve system away from the dollar, suggesting wider use of an International Monetary Fund unit of account. “For quite a few decades, the U.S. dollar is the best currency for international reserves, the currency to be used among us in the markets,” Zhang said. Infrastructure Financier Construction Bank is one of the main beneficiaries of demand for infrastructure loans induced by China’s 4 trillion yuan economic stimulus package. Established in 1954 to fund building of roads, bridges, dams and other infrastructure, it was the nation’s biggest mortgage lender until the first half of 2008, when ICBC pushed it to second place. China’s total outstanding loans climbed 34 percent from a year earlier to 37.7 trillion yuan as of June 30. Credit growth will slow from that “unsustainable” pace to about 15 percent in 2010 as the strengthening economy reduces the need for loan support, Goldman Sachs Group Inc. said in a report last month. “Self-discipline is probably what Chinese banks need at this moment,” said May Yan, a Hong Kong-based analyst at Nomura International HK Ltd. “It will do them more good than harm in the long run.” |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
maxcty
Master |
07-Aug-2009 16:34
Yells: "always a learning day for me in trading" |
||||
|
x 0
x 0 Alert Admin |
yup..i notice that too..never move much for kepland. still got this counter never disappoint me..haha
|
||||
| Useful To Me Not Useful To Me | |||||
|
solar2008
Senior |
07-Aug-2009 16:24
|
||||
|
x 0
x 0 Alert Admin |
Kepland is less affected by the property tax imposed on china project. That's because its china market is small as compared to citydev-capitaland-yanlord.
|
||||
| Useful To Me Not Useful To Me | |||||
|
maxcty
Master |
07-Aug-2009 15:37
Yells: "always a learning day for me in trading" |
||||
|
x 0
x 0 Alert Admin |
let's hope to see a positive U turn next week for this counters la..i believe alot of brothers load this today.. maybe just treat this as AFTER NDP gift..haha... cheers. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
solar2008
Senior |
07-Aug-2009 15:34
|
||||
|
x 0
x 0 Alert Admin |
Of course it will. That was why the reaction was so negative for the last few days. It should be back to norm, i hope. Trying my luck on this.
|
||||
| Useful To Me Not Useful To Me | |||||
|
dealer0168
Elite |
07-Aug-2009 15:31
|
||||
|
x 0
x 0 Alert Admin |
Don't know if the Property tax imposed on developers in china affect their profit margin a not leh......
|
||||
| Useful To Me Not Useful To Me | |||||
|
maxcty
Master |
07-Aug-2009 15:28
Yells: "always a learning day for me in trading" |
||||
|
x 0
x 0 Alert Admin |
yup..i waited the whole morning liao...haha...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
dealer0168
Elite |
07-Aug-2009 15:26
|
||||
|
x 0
x 0 Alert Admin |
$2.40 u bought. Emm i wait somemore......drop. I hope. Cheers.
|
||||
| Useful To Me Not Useful To Me | |||||
|
ronleech
Master |
07-Aug-2009 15:25
Yells: "Believe in yourself. Ride with the waves......" |
||||
|
x 0
x 0 Alert Admin |
Went is at in-between....2.41...good luck bros... | ||||
| Useful To Me Not Useful To Me | |||||
|
solar2008
Senior |
07-Aug-2009 15:23
|
||||
|
x 0
x 0 Alert Admin |
nice price. | ||||
| Useful To Me Not Useful To Me | |||||
|
maxcty
Master |
07-Aug-2009 15:00
Yells: "always a learning day for me in trading" |
||||
|
x 0
x 0 Alert Admin |
with STI keep dropping..this counter follows...vested 2.40.. | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
solar2008
Senior |
07-Aug-2009 14:16
|
||||
|
x 0
x 0 Alert Admin |
Property tax was imposed on developers in china. Only a temporary adjustment to news.There's nothing wrong with this counter. Vested at 2.42. |
||||
| Useful To Me Not Useful To Me | |||||
|
ronleech
Master |
07-Aug-2009 13:51
Yells: "Believe in yourself. Ride with the waves......" |
||||
|
x 0
x 0 Alert Admin |
Nikkei recovered from the fall and withi touching line to par even...let's look at the afternoon mkt.....maybe profit taking finished...SSE stop their drop at 3300......STI? | ||||
| Useful To Me Not Useful To Me | |||||
|
ronleech
Master |
07-Aug-2009 13:46
Yells: "Believe in yourself. Ride with the waves......" |
||||
|
x 0
x 0 Alert Admin |
Thot this counter is going for double listing and the forecast is not bad, infact is very good.... Maybe panic selling only..... | ||||
| Useful To Me Not Useful To Me | |||||
|
ozone2002
Supreme |
07-Aug-2009 13:32
|
||||
|
x 0
x 0 Alert Admin |
definitely downtrend.. | ||||
| Useful To Me Not Useful To Me | |||||
|
raymondho
Senior |
07-Aug-2009 12:43
|
||||
|
x 0
x 0 Alert Admin |
Yanlord dropped to low 2.41 which is even lower then Fibo 50% retracement 2.45 seems that it will further drop to 2.38 another support, as refer to TA's daily+ chart, MACD, stochastics both show negetive, and Parabolic SAR when reach 2.50 had also reversed to resistance 2.89. The only supporting TA is 50 days MA which is 2.42, all other MAs were broken down. At noon time closing, price recovered to 2.43, looks very risky, it may anytime dip drop further, so 2.38 is temporary support. Enter with care!
|
||||
| Useful To Me Not Useful To Me | |||||
|
raymondho
Senior |
07-Aug-2009 11:59
|
||||
|
x 0
x 0 Alert Admin |
Yanlord broke 2.64 support and now turn southway to 2.45 the Fibo 50% retacement, it looks very posible. So, buyers, what's your view? Mind to share? | ||||
| Useful To Me Not Useful To Me | |||||
|
Davidyao
Member |
06-Aug-2009 23:25
|
||||
|
x 0
x 0 Alert Admin |
Yes.. tomo is the buying time... up up up.... | ||||
| Useful To Me Not Useful To Me | |||||
|
hp3000
Senior |
06-Aug-2009 23:00
|
||||
|
x 0
x 0 Alert Admin |
Tomorrow it the buying time. DJ MARKET TALK: UOB Tips Yanlord 1H09 Net Profit +179% At S$214M 8/5/2009 11:49:00 AM 0349 GMT [Dow Jones] STOCK CALL: UOB KayHian tips Yanlord (Z25.SG) to post "pleasing" results, forecasts 1H09 net profit +179% on-year at S$214 million. Adds, actual result could be higher as company managed to sell almost all 100,000 sqm of completed but unsold inventory at Shanghai Riverside City in 1H09. Notes contract sales through July at CNY7.6 billion, +65% vs FY08, marking 85% of house's already bullish 2009 sales target; notes 95% of house's 2009 revenue forecast secured. Results due Aug. 11 around midnight. Keeps at Buy, puts S$2.99 target price under review for upgrade after results release. "With the continuous rally of the sector, Yanlord is now close to our target price. Admittedly, trading at a 4% premium to NAV, the stock is not cheap. But liquidity will boost the sector valuation to an otherwise unjustifiable level. As Yanlord is one of the most solid and transparent mainland developers, we are keen to keep the stock as one of our top picks." Shares +0.4% at S$2.85. (LES) |
||||
| Useful To Me Not Useful To Me | |||||