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STI to cross 3000 boosted by long-term investors
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Peter_Pan
Supreme |
01-Jun-2013 22:05
Yells: "did you order dunkin' donuts" |
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Next week retailers just jiak bah buay baos will do. | ||||
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kingkongdotcom
Member |
01-Jun-2013 21:58
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High went higher in April-May. Wonder what will happen June and after | ||||
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kingkongdotcom
Member |
01-Jun-2013 21:54
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Yeah, some profiles has gone. For me, I didt bet on index after got burn on China A50. My position in counters did not went up on uptrend but fall down on downtrend, now become longtern investor..lol
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kelvinLim123
Master |
01-Jun-2013 21:45
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They will be the guy to push up mkt next wk. I think our mkt will be up, selling is getting thinner, dow 200 pts will be a non event, i think so.
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Goldfinger
Member |
01-Jun-2013 18:42
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Agree this is big and startling news, given the negative PMI data from HSBC earlier.. | ||||
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scary_cat
Member |
01-Jun-2013 17:51
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Wow so resources stock will shoot up like Nobel | ||||
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Peter_Pan
Supreme |
01-Jun-2013 16:50
Yells: "did you order dunkin' donuts" |
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China’s Manufacturing Expansion Exceeds Analyst Estimates
June 1 (Bloomberg) -- China’s manufacturing unexpectedly accelerated in May, indicating a slowdown in economic growth in the first quarter may be stabilizing. The Purchasing Managers’ Index rose to 50.8 from 50.6 in April, the National Bureau of Statistics and China Federation of Logistics and Purchasing said in Beijing today. That was higher than all estimates in a Bloomberg News survey of 30 analysts and compares with the median projection of 50, which marks the dividing line between expansion and contraction. China May Manufacturing PMI at 50.8 Economists’ Est. 50.0 Today’s report may provide some comfort to policy makers after the preliminary reading of a private manufacturing survey released May 23 pointed to the first contraction in seven months. Premier Li Keqiang said this week that government measures to reform the economy will be accompanied by tapered-off levels of growth and warned last month new stimulus would create risks. “Given the mixed signals, I’d wait for the full set of activity data such as industrial production and electricity production to judge the momentum of the economy,” said Zhang Zhiwei, chief China economist at Nomura Holdings Inc. in Hong Kong. “The rise of the official PMI further reduces the chance for monetary policy easing.” The statistics bureau will release May industrial output, retail sales, and inflation data on June 9 along with fixed-asset investment for the first five months of the year. The customs administration will report May trade data on June 8. More Stable The federation and HSBC will also release non-manufacturing surveys for May next week, providing a fuller picture of an economy that’s becoming increasingly reliant on service industries for growth. Both showed slower expansion in April. President Xi Jinping said the fundamentals of the Chinese economy are “sound” and growth is on a “more stable footing,” according to the English-language transcript of a written interview he gave to Latin America media released by the official Xinhua News Agency last night. “We are more interested in the quality and efficiency of economic growth rather than the speed of growth only,” he said, noting that employment is stable and incomes are rising. Xi’s comments, made ahead of his visit to Trinidad and Tobago, Costa Rica and Mexico, offer further indication that the government is prepared to tolerate a slower pace of expansion after annual average growth of 10.5 percent in the past decade led to industrial overcapacity, rising financial risks and environmental degradation. New Risks China’s economy grew 7.8 percent in 2012, the slowest pace in 13 years and the government in March set a goal of 7.5 percent for this year. Last month, Premier Li warned that room for stimulus policies and government investment to meet its targets “is not big” and that such action would create “new problems and risks.” There will be no “incremental stimulus by the new government which understands the slowing potential growth and wishes to focus more on structural reforms,” Lu Ting, head of Greater China economics at Bank of America Corp. in Hong Kong, said in a note today. The preliminary reading of a Purchasing Managers’ Index released by HSBC Holdings Plc and Markit Economics fell to 49.6 in May from 50.4 in April. The drop, if confirmed by the final figure on June 3, will be the first reading below 50 since October. Stocks in China fell 0.7 percent yesterday on concern today’s report would also show a decline. The Shanghai Composite Index rose 0.5 percent for the week and has rebounded 5.8 percent from this year’s low on May 2. Positive Reaction “Markets’ fear of a further growth slowdown will be alleviated and we expect a positive market reaction” on June 3, Lu said. Analysts are paring forecasts for economic growth after expansion unexpectedly eased to 7.7 percent in the first quarter from a year earlier. The median estimate in a Bloomberg News survey conducted from May 16 to May 21 was for a pace of 7.8 percent in the second quarter, down from a projection of 8 percent in an April survey. The federation increased the number of companies in its manufacturing survey to 3,000 from 820 and reclassified the industries covered into 21 groups from 31 starting from January’s reading. The HSBC survey is based on responses from purchasing managers at more than 420 businesses, and is weighted toward smaller private companies. Different Focus Divergences in the two indexes are common given their different focus and coverage, said Wang Tao, chief China economist at UBS AG in Hong Kong. Previously released data show the federation’s PMI expanded at a faster pace in the first three months of 2012, while the HSBC gauge contracted over the same period. In its report today, the federation said a PMI gauge for smaller companies fell to 47.3 in May from 47.6 the previous month, a decline Wang said is consistent with the HSBC index. The increase in the main PMI reading was driven by faster growth in output, while a measure of new export orders showed a contraction for the fourth time in five months. The reading for new orders rose to 51.8 from 51.7. CSR Corp. China’s biggest train-maker by market value, signed contracts worth about 7.81 billion yuan ($1.27 billion), according to a statement posted to Shanghai’s stock exchange on May 27. The deals include supply agreements for locomotives, subway cars and hybrid buses, the company said. At the same time, a gauge of business activity expectations fell to the lowest level since January and an index of employment fell to 48.8, the 12th straight sub-50 reading. While the deteriorating employment situation may suggest weak growth, it could indicate increasing automation, a declining labor force due to the aging population and a rising percentage of migrant workers shifting to services, Bank of America’s Lu said. |
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junction
Senior |
01-Jun-2013 15:57
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And where are the guys who had been shorting the market when it was on uptrend? Wrong bet again?
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teeth53
Supreme |
01-Jun-2013 12:48
Yells: "don't learn through life, learn to grow with life " |
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http://sg.finance.yahoo.com/news/myanmar-tycoon-profiting-change-041812188--finance.html Yahoo finance promoting Zaw Zaw profile...built an empire by befriending the former military govt in what was one of the worst and isolated countries. His only crime as he sees it? " In this poor country, I have become super rich tycoon." |
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risktaker
Supreme |
01-Jun-2013 12:41
Yells: "Sometimes you think you know, but in fact you dont" |
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30 something... old liao...
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SJ-Stomp
Senior |
01-Jun-2013 12:01
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Open a lot of position in many markets ... you can not concentrate
sleep 3 hrs daily bad for your health...you may want to reorganize your portfolio ...just my opinion . Take care!
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ongahhuat888
Member |
01-Jun-2013 11:42
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Much younger,I used to trade fews mil but now I am only trading 2-3 mil now .How old are you? If you are after 50 , you should not take so much risk.
Enough rest n sleep help you to make more right decision.Cheers!
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risktaker
Supreme |
01-Jun-2013 09:16
Yells: "Sometimes you think you know, but in fact you dont" |
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I mean weekday.... only sleep 3 hour.... how to sleep... lol....
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risktaker
Supreme |
01-Jun-2013 09:06
Yells: "Sometimes you think you know, but in fact you dont" |
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Lol in april till may....weekend... I sleep 3 hours daily.... too much position in market.....
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kingkongdotcom
Member |
01-Jun-2013 09:03
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waw...risktaker 100k up-down- up-down. For me i will heart attack | ||||
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risktaker
Supreme |
01-Jun-2013 08:59
Yells: "Sometimes you think you know, but in fact you dont" |
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I lose 200-300k in april to may..... knn I stack people just throw to me..... cut loss knn look at the buy queue all is mine.... so have to reverse down alot.... jan til march made alot.. knn all give back in late april may.....until 23 may I had enough.... I turn short...
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ongahhuat888
Member |
01-Jun-2013 08:43
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Wah! You are the real man men!!!
Man of steel!!!!
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Blastoff
Elite |
01-Jun-2013 08:33
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Well done!
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risktaker
Supreme |
01-Jun-2013 08:30
Yells: "Sometimes you think you know, but in fact you dont" |
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No I am not rich.... but I have balls of steel.... so I dare to wack .... or stage big bets ...
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Blastoff
Elite |
01-Jun-2013 08:25
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Then you must be very rich. Lol...
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