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China New Town Development
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busybody
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05-Aug-2008 12:40
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Normally, a few cents doesn't make a difference. But not for this counter. 3 cents drop is as good as 30% discount.
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des_khor
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05-Aug-2008 10:09
Yells: "Tell me who is the God or MFT from this forum??" |
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For long term why bother diff of few cents ? U will never know will U turn up ! | ||||
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HLJHLJ
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05-Aug-2008 09:36
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Short term MA crossing over and shows downtrending. Seems like 0.1 or 0.11 is a good support. Will consider at 0.11 Wow! from IPO 0.83 to 0.1++, ridiculous! No wonder people said must cut loss and not to average down. Indeed true for this counter. I've 2 lots IPO, did not cut loss as brokerage not enough to cover. On hindsight, should have cut loss. Anyway, thankful i did not average down as i've avoided 2nd liners. Now that it is quite good price, i intend to buy more when it hits 0.11. Not sure if it will go below 0.1. Hope not. |
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busybody
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04-Aug-2008 15:52
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The news about ChinaNTown buying back the convertible bond by cash & new placement may not be favorable to the shareholders. Especially, the issue price is at $0.11 and diluting the existing shareholding quite substantially. I have sold all my holdings and wait for the price back to around $0.11. | ||||
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eddy9968
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02-Aug-2008 21:56
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Got a kuanyin "chiam" at bugis "4 beh loh" asking about china new town price 0.145 can buy or not? Got chiam no "22". Saying "Crops wither due to drought. The sky diety send rain to cause the crops to become green again. This rainfall is better than all the treasure of this world. Interpretation : Good Silk and harvest three fold fortune and time is good. Medical help to cure sickness (There are rescue/support on this counter). A safe return from travelling (safe to invest). Follow Kuanyin instruction and vested. He...he.....
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q10activator
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27-Jul-2008 13:00
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Check this out. Hopefully there will be a spill over effect to the other cities, just like in sg, where high prices in orchard spilled over into neighbouring areas like outram. BEIJING (AFP) - - Chen Jingnian is a confident young man with a mission -- ride the wave of Beijing's red-hot real estate market and buy a luxury car before he turns 30. Tempted by the promise of rich rewards, the 26-year-old quit a university course that laid out a path as an IT engineer to instead become a real estate agent.
"The salary of engineers is fixed, but the growth potential in the real estate agent industry is much bigger," he said, adding he planned to buy an Audi A6 worth around 500,000 yuan (73,000 dollars) within three years. "Many of our investor clients have two or three apartments... and a client I met last month holds more than 10." And like many analysts and industry observers, Chen is confident the Chinese capital's real estate market will not deflate following next month's Beijing Olympics -- as has been the case with some other Games host cities. "I will stay in the industry," said Chen, who focuses on selling apartments on the Olympic Green area with Century 21 Real Estate. "Maybe I will open my own company in the future." Prices in the Chinese capital jumped by 11.4 percent last year, compared with an average rise of 7.6 percent in 70 major cities across the country, according to government figures. New apartments now hit the market at an average price 3.5 times higher than in 2001, when Beijing won the Olympic bid, according to data collected by real estate agency 5i5j, which has more than 300 outlets in Beijing. Suites near the Olympic venues and new subway lines, the best known projects covered by a 40-billion-dollar government budget to improve infrastructure and clean the city's environment, are the hottest spots. "The implications of ongoing infrastructure growth for Beijing's urban development and the property market are substantial," said a report by real estate consultancy Jones Lang LaSalle. Not only is navigating the city more convenient and less costly, the completion of new lines and stations will also drive new property growth in less developed areas, it said. However, the fact that one square metre of a new apartment in Beijing costs about the same as China's average annual disposable income had stoked worries a bubble had developed that could burst after the Games. Sales this year turned sluggish after China raised the downpayment requirement for second homes in 2007, after earlier hiking taxes and interest rates to prevent the market from overheating. Debate on whether the property market nationwide was about to spiral downwards has been prominent in the Chinese media, particularly after prices in the south led the fall in the second half of last year. Analysts attributed the current volatility to frenzied speculation during the market's rise, and an increasingly widespread "wait and see" attitude this year that delayed buyers' activities. But Beijing's massive population and the fact the city is in its initial development phase are fundamentals that will bolster demand and keep post-Games prices stable in the city, analysts said. "Beijing is a young man in terms of its growth momentum and development stage," said Zhang Yukun, a senior investment consultant at property agency Centaline China. "The Olympics is just an accelerator for the city, not an engine without which the growth would stop." Even average consumers feel confident about the potential of the city, which has a population of 16.3 million and is still growing quickly as people from around the country come to live in the nation's bustling capital. "The demand is strong -- Beijing has so many newcomers every year and many young people I know are still living with their parents and need their own house," said Liu Jing, a 34-year-old export company executive from southern China who has her own apartment in the city. |
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q10activator
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22-Jul-2008 22:20
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Despite all the good news and even proposal of sharebuyback, some smart alec(s) managed to short this counter again. Hope they get their fingers burnt soon. |
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busybody
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15-Jul-2008 10:06
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With the cash receipts from land sales, the company has enough "bullet" to fight back. That's the reason why the management would like to get shareholders' approval on share buy-back. It is a positive news. | ||||
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sthinvest
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14-Jul-2008 21:45
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CNT just announced another residential land parcel for Auction today. The second land listing followed 2 weeks after the last parcel was delivered for auction on 30th Jun 2008. A great booster indeed and a real sign of relief to those vested. Refer to SGX link here: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F2145C4DD53807264825748600363CFA/$file/Listing_of_land_use_rights_14Jul08.pdf?openelement | ||||
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busybody
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14-Jul-2008 16:22
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Don't short this stock.... Otherwise, you will be regretted. |
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redash
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14-Jul-2008 10:31
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Care though this stock has a HUGE negative downtrend place on it since IPO, there are many other stocks that are safer... Like China Hongx |
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busybody
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14-Jul-2008 10:08
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There is strong buying interest which pushed the price to $0.13. | ||||
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q10activator
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11-Jul-2008 23:36
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When we think America, we think about cutting edge technology, superb marketing, and design. When we think of Europe, we think of luxury goods and visionary fashion statements. When we think of China, we used to think that they are just like those poorer asian countries with multitudes of sweatshops all over the country. But today, the people are getting smarter and richer, so the most fundamental improvement they will want is a decent living space and a decent working environment and a decent place to unwind at the end of the day. It need not be much, but it should be more than what a village can offer. Furthermore, with so many Chinese ppl owning cars, chances are that people will spread themselves out amongst the new cities that are being created, so as to enjoy a city life without the frustration of congested roads. I believe that China New Town will be the answer to this demand in the future. 2nd Tier properties like those that CNT deals with will have the most demand as the population "city-lise". I still believe that CNT is a stock to hold for the future. The current fall in prices is due to dumping of the stock by just a company. --vested and hopeful-- |
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redash
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11-Jul-2008 17:31
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Still, it has a high risk indicator, DCA may be good for this one... but for how long this sleeping dog will go in which direction exactly... is still kinda hard to say... too many fleas haha |
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busybody
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11-Jul-2008 17:22
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Recently, the market sentiment has slightly improved. China market come back to some critical levels. Good news about the Chinese property market. The selling force has finished, and the buying force is accumulating. All this factors helped to push the stock to 12.5 cent (up 14%) today. It is a good start, and hope this trend to continue in the next week.
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q10activator
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09-Jul-2008 17:24
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any softening of the yuan should only be temporary. note that jim rogers said that the yuan can only rise and that he is shifting his investments out of america and into china |
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redash
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09-Jul-2008 12:59
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Thks! Good news indeed! Raise a small question... as I spot also other headlines that kinda worries me... is it because of the softening of yuan? Any Forex Trader here? Anyone agrees that this rally is a ... short-term one? |
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sthinvest
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09-Jul-2008 12:44
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Hey, its always good to check it out rather than heresays :) Here the link : http://www.bloomberg.com/apps/news?pid=20601089&sid=aRXn94Qt7PC0&refer=china |
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redash
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09-Jul-2008 11:33
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Can link me yr html? I cant get the same news... Not too sure abt what Cosco says but their shares are like... not what they said... Sry not doubting ya, but just have to witness the facts myself >_^ |
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sthinvest
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09-Jul-2008 11:06
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More recent news on Chinese Real Estate market. The state of the market there is healthy compare with Singapore property market. Note the the dip is just 0.4 percent yoy. But price increase is 9.2 percent. This is China, big country, big population, huge market, increasing rich, fastest growing economy in the world amid current global down turn. Just my thots. China Stocks Rise to Two-Week High; Poly Advances on Forecast By Zhang Shidong July 9 (Bloomberg) -- China stocks rose to the highest in almost two weeks amid speculation earnings growth is robust enough to withstand government measures to curb inflation. Poly Real Estate Group Co., China's second-largest developer by market value, and Cosco Shipping Co., a unit of China's biggest shipping company, gained after forecasting higher profits. The CSI 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, gained 54.35, or 1.9 percent, to 2,956.20 as of 10:20 a.m. local time. Almost four stocks rose for each one that fell on the gauge, which was headed for its highest close since June 26. Poly Real Estate jumped 7 percent to 16.81 yuan, set for the highest since June 6. The company said first-half profit may have surged by between 220 and 270 percent from a year earlier. Cosco Shipping climbed 6.4 percent to 28.50 yuan, set for the biggest advance since June 18. First-half profit surged by 141 percent from a year earlier, the company said. To contact the reporter on this story: Zhang Shidong in Shanghai at szhang5@bloomberg.net |
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