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STI to cross 3000 boosted by long-term investors
des_khor
Supreme
21-Aug-2009 16:17     
 
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Yells: "Tell me who is the God or MFT from this forum??"
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 Alert Admin 		R-Rated one la... can't post in public.
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niuyear
Supreme
21-Aug-2009 16:15     
 
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 Alert Admin 		lol! what is Red head fish?  or parraot?  hahaha, you guys got a lot names for STI!
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des_khor
Supreme
21-Aug-2009 16:13     
 
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 Alert Admin 		STI also become RED HEAD SNAKE FISH....
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TuaPekGong9413
Elite
21-Aug-2009 16:11     
 
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 Alert Admin 		hopefully loh......this week and last week was a sucking week...diarrhoea and shit all over the place...hope next week will be better...hope the sardine will transform to dragon.....
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cheongwee
Elite
21-Aug-2009 16:09     
 
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patience lah...the rally will be back soon,,,i dont see it ending ...it is friday...so most ppl scare to hold over the wkend...dont know what chinese govt will do next...

so only some stock in play....no worry..

i believe next week shd be fine...this wk is spoil by Shanghai..if not a good week..



TuaPekGong9413      ( Date: 21-Aug-2009 16:03) Posted:

up to u lah...now every1 also no mood liao.....STI sometime act like a parrot some this change to a snake...other time become a sardine fish....
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TuaPekGong9413
Elite
21-Aug-2009 16:03     
 
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 Alert Admin 		up to u lah...now every1 also no mood liao.....STI sometime act like a parrot some this change to a snake...other time become a sardine fish....
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cheongwee
Elite
21-Aug-2009 16:01     
 
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 Alert Admin 		excuse me,...can i post this one on this thread???..what say u???

cheongwee      ( Date: 21-Aug-2009 15:52) Posted:



What drive stock price???What make a stock come alive???

any stock,,,be it loser yr after yr or blues chip or mid cap or penny???

what make it move???

FA and TA???...u say???
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limkt009
Veteran
21-Aug-2009 15:59     
 
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cheongwee
Elite
21-Aug-2009 15:59     
 
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 Alert Admin 		oh sorry ...wrong thread..thk ..

TuaPekGong9413      ( Date: 21-Aug-2009 15:57) Posted:

this is for sti...u wan to show off mermaid pls go set new counter
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TuaPekGong9413
Elite
21-Aug-2009 15:57     
 
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 Alert Admin 		this is for sti...u wan to show off mermaid pls go set new counter
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cheongwee
Elite
21-Aug-2009 15:53     
 
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 Alert Admin 		anyone bought mermaid this morning, when i was buying...i told you to...
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des_khor
Supreme
21-Aug-2009 15:53     
 
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 Alert Admin 		STI no LP as always mirroring others...worst still people up STI down!
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cheongwee
Elite
21-Aug-2009 15:52     
 
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What drive stock price???What make a stock come alive???

any stock,,,be it loser yr after yr or blues chip or mid cap or penny???

what make it move???

FA and TA???...u say???
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TuaPekGong9413
Elite
21-Aug-2009 15:51     
 
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 Alert Admin 		guess those snakes are not cobra cos sti not fierce wan....only like to follow others....
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ronleech
Master
21-Aug-2009 15:46     
 
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 Alert Admin 		Haha..that's a good one....i see animals planet....the snakes remind me of it.....

TuaPekGong9413      ( Date: 21-Aug-2009 15:43) Posted:



whenever i eat sardine i think of sti...backbone so fragile and soft...
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TuaPekGong9413
Elite
21-Aug-2009 15:43     
 
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whenever i eat sardine i think of sti...backbone so fragile and soft...
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ronleech
Master
21-Aug-2009 15:38     
 
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STI seems like no back bone at all leh...SSE down, DOW up, HSI up......DOWN, SSE up, HSI down abit and pending DOW...also DOWN.....

No eye see...
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bennykusman
Veteran
21-Aug-2009 13:56     
 
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 Alert Admin 		SSE rise up!

richtan      ( Date: 21-Aug-2009 12:34) Posted:

China’s Stocks Rise, Paring Third Weekly Decline on ICBC Profit
Share | Email | Print | A A A

By Bloomberg News

Aug. 21 (Bloomberg) -- China’s stocks rose for a second day, led by banks after Industrial & Commercial Bank of China Ltd. posted higher-than-estimated second-quarter profit.

Industrial & Commercial Bank, the nation’s biggest listed lender, added 2.3 percent. Bank of China Ltd. gained 1.2 percent while Bank of Beijing Co. climbed 3.5 percent. Jinduicheng Molybdenum Co., Asia’s largest producer of the metal used to harden steel, dropped 2.5 percent after first-half profit fell.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 48.66, or 1.7 percent, to 2,960.24 as of 10:53 a.m. local time. The advance pared its third straight weekly loss to 3.1 percent, two days after the measure briefly dipped more than 20 percent below its Aug. 4 high, the threshold for a bear market.

“You should be able to see them retrace back to 10 days ago, and you should see them go higher than that,” Hugh Simon, who helps manage the $972 million Dreyfus Premier Greater China Fund at Hamon Investment Group in Hong Kong, said in a Bloomberg Television interview. “I believe that earnings will come through in the next six to nine months, which will allow stocks to perform.”

The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, added 2.2 percent to 3,212.54.

Industrial & Commercial Bank rose 2.3 percent to 4.86 yuan. Net income was 31.3 billion yuan ($4.6 billion) on record credit growth and lower provisions for bad loans as the economy rebounded, beating the 30.7 billion yuan average estimate of 11 analysts surveyed by Bloomberg.

Bank of China gained 1.2 percent to 4.07 yuan while Bank of Beijing advanced 3.5 percent to 16.10 yuan.

Molybdenum

Jinduicheng Molybdenum fell 2.5 percent to 19.30 yuan after saying first-half profit fell 88 percent to 201.2 million yuan as a drop in demand led to lower prices. Jiangxi Copper fell 2.2 percent to 35.91 yuan as the price of the metal dropped 0.6 percent in New York yesterday.

China’s stocks may rise, driving the Shanghai Composite Index past 4,000 over the next 12 months, as the world’s third- largest economy revives, Morgan Stanley said.

“It’s still a bull market,” Morgan Stanley’s Hong Kong- based strategist Jerry Lou told Bloomberg Television in Shanghai today. “The recovery is real. I think at least for the next 12 months the momentum is very good.” Corporate earnings may gain 15 percent this year and about 20 percent in 2010, he said.

--Zhang Shidong. Editor: Linus Chua, Reinie Booysen

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at +86-21-6104-7014 or szhang5@bloomberg.net

Last Updated: August 20, 2009 22:57 EDT

aleoleo      ( Date: 21-Aug-2009 12:31) Posted:



CAREFUL, NOON SESSION MIGHT HAVE BIG DROP ONCE SSE RE-OPEN LATER !!!

By Bloomberg News
     Aug. 21 (Bloomberg) -- China plans to tighten capital
requirements for banks, threatening to curb the record lending
that’s fueled a 60 percent rally in the nation’s stock market,
three people familiar with the matter said.
     The China Banking Regulatory Commission sent a draft of
rule changes to banks on Aug. 19 requiring them to deduct all
existing holdings of subordinated and hybrid debt sold by other
lenders from supplementary capital, said the people, who have
seen the document. Banks have until Aug. 25 to give feedback,
said the people, who declined to be identified as the matter is
private.
     As a result, banks may need to rein in lending or sell
shares to lift capital adequacy ratios to the 12 percent
mandated by the regulator. Chinese stocks briefly entered a so-
called bear market this week on concerns the government would
stymie new loans that exceeded $1 trillion in the first half. A
news department official at the regulator declined to comment by
phone and didn’t immediately respond to a faxed inquiry.
     “This move will cut one of the most important funding
sources for banks,” said Sheng Nan, an analyst at UOB Kayhian
Investment Co. in Shanghai. Banks will “have to either raise
more equity capital or slow down lending and other capital
consuming businesses to stay afloat.”
     China’s banks have sold 236.7 billion yuan ($34.6 billion)
of subordinated bonds so far this year, almost triple the amount
issued during all of 2008. The banking regulator estimates about
half of the subordinated bonds in circulation are cross-held
among banks.

                          Record Lending

     Those debt sales came as new loans rose to a record 7.37
trillion yuan in the first half. About 1.16 trillion yuan of
loans were invested in stocks in the first five months of this
year, China Business News reported on June 29, citing Wei
Jianing, a deputy director at the Development and Research
Center under the State Council, China’s cabinet.
     “I’m worried about a correction in a market that has been
driven by cheap money,” Devan Kaloo, who oversees $11.5 billion
as head of global emerging markets at Aberdeen Asset Management
Ltd., said Aug. 19.
     China’s benchmark Shanghai Composite Index almost doubled
during the first seven months of this year through Aug. 4, after
falling 65 percent in 2008. Since reaching this year’s high on
Aug. 4, it’s plummeted 15 percent. The index on Aug. 19 briefly
fell 20 percent from this year’s high, the threshold for a bear
market, before ending the day down 19.8 percent. The gauge
rebounded yesterday, rising 4.5 percent.

                         Credit Concerns

     The weighted average capital adequacy ratio of 205
commercial Chinese banks at the end of 2008 was 12 percent, up
3.7 percentage points from a year earlier, according to the
industry’s annual report. The weighting was strongly affected by
the nation’s five-largest banks, which account for 52 percent of
assets in the industry.
     The banking regulator has indicated it’s concerned about
excessive credit creation. Last month, the commission ordered
lenders to raise reserves against non-performing loans, to
ensure loans for fixed asset investments go to projects that
support the real economy and announced plans to tighten rules on
working capital loans.
     Banks are allowed to count subordinated bonds they sell as
supplementary or lower-Tier 2 capital. In the event of
bankruptcy, holders of subordinated notes receive payment only
after other debt claims are paid in full.
     The regulator’s rule change requires banks to subtract all
existing holdings of subordinate bonds issued by other lenders
from their own subordinated bonds being counted as supplementary
capital.

                          Hybrid Bonds

     In addition, the new rules also limit the amount of
subordinated or hybrid bonds banks can hold, the people said. A
bank’s holding of subordinated and hybrid bonds issued by a
single bank can’t exceed 15 percent of its core capital, the
people said. Holdings of all subordinate and hybrid bonds issued
by banks can’t exceed 20 percent of core capital.
     The regulator has called on small publicly traded banks to
have a minimum capital adequacy ratio of 12 percent by year’s
end, up from the current 10 percent. The ratio, a measure of how
much in losses a bank can absorb, is calculated by dividing
capital by risk-weighted assets. A bank’s risk-weighted assets
are comprised partly of loans.
     After deducting subordinated bonds issued by other banks,
lenders must either raise core capital or reduce their loans to
meet the capital adequacy ratio requirements.
     “It’ll be hard for commercial banks to sell subordinate
bonds because much of the debt is sold to their counterparts,”
said Xu Xiaoqing, a bond analyst at China International Capital
Corp. in Beijing. “This rule would tighten lending by
commercial banks, especially small and medium sized banks that
have relatively less capital.”
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ronleech
Master
21-Aug-2009 13:31     
 
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 Alert Admin 		DJ MARKET TALK: Impact Of China Bk Cap Rule Report Likely Limited
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richtan
Supreme
21-Aug-2009 12:34     
 
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 Alert Admin 		China’s Stocks Rise, Paring Third Weekly Decline on ICBC Profit
Share | Email | Print | A A A

By Bloomberg News

Aug. 21 (Bloomberg) -- China’s stocks rose for a second day, led by banks after Industrial & Commercial Bank of China Ltd. posted higher-than-estimated second-quarter profit.

Industrial & Commercial Bank, the nation’s biggest listed lender, added 2.3 percent. Bank of China Ltd. gained 1.2 percent while Bank of Beijing Co. climbed 3.5 percent. Jinduicheng Molybdenum Co., Asia’s largest producer of the metal used to harden steel, dropped 2.5 percent after first-half profit fell.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 48.66, or 1.7 percent, to 2,960.24 as of 10:53 a.m. local time. The advance pared its third straight weekly loss to 3.1 percent, two days after the measure briefly dipped more than 20 percent below its Aug. 4 high, the threshold for a bear market.

“You should be able to see them retrace back to 10 days ago, and you should see them go higher than that,” Hugh Simon, who helps manage the $972 million Dreyfus Premier Greater China Fund at Hamon Investment Group in Hong Kong, said in a Bloomberg Television interview. “I believe that earnings will come through in the next six to nine months, which will allow stocks to perform.”

The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, added 2.2 percent to 3,212.54.

Industrial & Commercial Bank rose 2.3 percent to 4.86 yuan. Net income was 31.3 billion yuan ($4.6 billion) on record credit growth and lower provisions for bad loans as the economy rebounded, beating the 30.7 billion yuan average estimate of 11 analysts surveyed by Bloomberg.

Bank of China gained 1.2 percent to 4.07 yuan while Bank of Beijing advanced 3.5 percent to 16.10 yuan.

Molybdenum

Jinduicheng Molybdenum fell 2.5 percent to 19.30 yuan after saying first-half profit fell 88 percent to 201.2 million yuan as a drop in demand led to lower prices. Jiangxi Copper fell 2.2 percent to 35.91 yuan as the price of the metal dropped 0.6 percent in New York yesterday.

China’s stocks may rise, driving the Shanghai Composite Index past 4,000 over the next 12 months, as the world’s third- largest economy revives, Morgan Stanley said.

“It’s still a bull market,” Morgan Stanley’s Hong Kong- based strategist Jerry Lou told Bloomberg Television in Shanghai today. “The recovery is real. I think at least for the next 12 months the momentum is very good.” Corporate earnings may gain 15 percent this year and about 20 percent in 2010, he said.

--Zhang Shidong. Editor: Linus Chua, Reinie Booysen

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at +86-21-6104-7014 or szhang5@bloomberg.net

Last Updated: August 20, 2009 22:57 EDT

aleoleo      ( Date: 21-Aug-2009 12:31) Posted:



CAREFUL, NOON SESSION MIGHT HAVE BIG DROP ONCE SSE RE-OPEN LATER !!!

By Bloomberg News
     Aug. 21 (Bloomberg) -- China plans to tighten capital
requirements for banks, threatening to curb the record lending
that’s fueled a 60 percent rally in the nation’s stock market,
three people familiar with the matter said.
     The China Banking Regulatory Commission sent a draft of
rule changes to banks on Aug. 19 requiring them to deduct all
existing holdings of subordinated and hybrid debt sold by other
lenders from supplementary capital, said the people, who have
seen the document. Banks have until Aug. 25 to give feedback,
said the people, who declined to be identified as the matter is
private.
     As a result, banks may need to rein in lending or sell
shares to lift capital adequacy ratios to the 12 percent
mandated by the regulator. Chinese stocks briefly entered a so-
called bear market this week on concerns the government would
stymie new loans that exceeded $1 trillion in the first half. A
news department official at the regulator declined to comment by
phone and didn’t immediately respond to a faxed inquiry.
     “This move will cut one of the most important funding
sources for banks,” said Sheng Nan, an analyst at UOB Kayhian
Investment Co. in Shanghai. Banks will “have to either raise
more equity capital or slow down lending and other capital
consuming businesses to stay afloat.”
     China’s banks have sold 236.7 billion yuan ($34.6 billion)
of subordinated bonds so far this year, almost triple the amount
issued during all of 2008. The banking regulator estimates about
half of the subordinated bonds in circulation are cross-held
among banks.

                          Record Lending

     Those debt sales came as new loans rose to a record 7.37
trillion yuan in the first half. About 1.16 trillion yuan of
loans were invested in stocks in the first five months of this
year, China Business News reported on June 29, citing Wei
Jianing, a deputy director at the Development and Research
Center under the State Council, China’s cabinet.
     “I’m worried about a correction in a market that has been
driven by cheap money,” Devan Kaloo, who oversees $11.5 billion
as head of global emerging markets at Aberdeen Asset Management
Ltd., said Aug. 19.
     China’s benchmark Shanghai Composite Index almost doubled
during the first seven months of this year through Aug. 4, after
falling 65 percent in 2008. Since reaching this year’s high on
Aug. 4, it’s plummeted 15 percent. The index on Aug. 19 briefly
fell 20 percent from this year’s high, the threshold for a bear
market, before ending the day down 19.8 percent. The gauge
rebounded yesterday, rising 4.5 percent.

                         Credit Concerns

     The weighted average capital adequacy ratio of 205
commercial Chinese banks at the end of 2008 was 12 percent, up
3.7 percentage points from a year earlier, according to the
industry’s annual report. The weighting was strongly affected by
the nation’s five-largest banks, which account for 52 percent of
assets in the industry.
     The banking regulator has indicated it’s concerned about
excessive credit creation. Last month, the commission ordered
lenders to raise reserves against non-performing loans, to
ensure loans for fixed asset investments go to projects that
support the real economy and announced plans to tighten rules on
working capital loans.
     Banks are allowed to count subordinated bonds they sell as
supplementary or lower-Tier 2 capital. In the event of
bankruptcy, holders of subordinated notes receive payment only
after other debt claims are paid in full.
     The regulator’s rule change requires banks to subtract all
existing holdings of subordinate bonds issued by other lenders
from their own subordinated bonds being counted as supplementary
capital.

                          Hybrid Bonds

     In addition, the new rules also limit the amount of
subordinated or hybrid bonds banks can hold, the people said. A
bank’s holding of subordinated and hybrid bonds issued by a
single bank can’t exceed 15 percent of its core capital, the
people said. Holdings of all subordinate and hybrid bonds issued
by banks can’t exceed 20 percent of core capital.
     The regulator has called on small publicly traded banks to
have a minimum capital adequacy ratio of 12 percent by year’s
end, up from the current 10 percent. The ratio, a measure of how
much in losses a bank can absorb, is calculated by dividing
capital by risk-weighted assets. A bank’s risk-weighted assets
are comprised partly of loans.
     After deducting subordinated bonds issued by other banks,
lenders must either raise core capital or reduce their loans to
meet the capital adequacy ratio requirements.
     “It’ll be hard for commercial banks to sell subordinate
bonds because much of the debt is sold to their counterparts,”
said Xu Xiaoqing, a bond analyst at China International Capital
Corp. in Beijing. “This rule would tighten lending by
commercial banks, especially small and medium sized banks that
have relatively less capital.”
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