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Most - S-Chip get ready to get 10-20% Price Hike

I think the concentration is now on bluechips and resources counters. S-chips should be moving in the next few feeks

 

all S-chips looks like going to rubbish. their price are like when STI 1800-2000.

what happened?

anybody can give any adivce?

 

Daryl Guppy: Alphabet soup out of character in China

Written by Daryl Guppy

Saturday, 26 September 2009 16:31

Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this Facebook Export PDF Print E-mail IS IT OVER for China? Is it time to sell China? These questions have dominated the newswires in the latter half of last week as the Shanghai Index moved to retest support in the 2,600 area. The answer is that one phase of the China market recovery is over, but a new one is beginning. The rest of the world is debating an alphabet soup of L-, W- and V-shaped recoveries as markets develop recovery patterns. Think of the China market as creating an inverted L-shaped trend pause. This is where the rapid uptrend pauses and consolidates. It is the end of momentum, but not the end of the uptrend.   Part of the reason for this is the focus on developing domestic economic strength. China’s State Council introduced a series of sweeping measures to boost small and medium-sized businesses. Small businesses create most of the jobs in China, and the government has a priority on the steady development of the sector.   As a result, tax cuts and relief are at the top of the list. The corporate income tax rate has been cut from 25% to 20% for small businesses whose annual taxable income is less than RMB30,000 ($6,220). Remember this amount is larger than the average annual income in China.   Beijing also announced new measures to encourage financing for small business. The government said it would cover a part of any bad loans that banks incurred from lending to small and medium-sized businesses. It is a move designed to encourage banks to boost their smallbusiness lending. Management-skills training will be offered to one million managers in small companies over the next three years.   The government is encouraging private capital to participate in the reform of rural cooperatives to give small businesses more financing options. A new scheme allows qualified small-sum loan companies to transfer into rural commercial companies and opens up a new source of financing for rural areas. This is economic infra structure building beyond the high-profile bridges and roads. It is not a sprint but a marathon, and the market correction should be seen in this context.   Market corrections have two behaviours: a correction in price and a correction using time. The Shanghai Index is developing both types. A correction in the market develops when the market index moves back to the underlying longterm trend. This is a correction in the long-term trend activity and not a change in the direction of the long-term trend. The long-term trend in the Shanghai Index can be defined with the long-term trend line. This trend line starts in December 2008. On Aug 19, 2009, the value of the long-term trend line is near 2,759.   The market quickly moved back to near the value of the long-term uptrend. In August, the market fell from the peak index value of 3,478 to 2,761, which is near the value of the longterm uptrend line. This 20% fall is a correction in price. The rapid fall reduced the Shanghai index value to near the value of the long-term uptrend line.   A correction using time does not involve a dramatic fall in price. Such a correction develops as a trading band or consolidation pattern. In this situation, the index moves sideways for several weeks or months until the index value is equal to the value of the longterm trend line. When the index value hits the trend line, then a trend rebound develops. The long-term trend line provides a support level and the index continues to rise, following the long-term uptrend line.   Usually, there is either a price correction or a time correction for the uptrend. The current Shanghai Index situation is different. The index first has a price correction and now it is developing an uptrend correction using time. The correction is developing in the area around the long-term uptrend line. When the time correction is completed, it will define the position of a new uptrend line.   The correction using time develops a sideways trading consolidation band. The upper edge of this trading band is near 3,000. The lower edge of the trading consolidation band is between 2,600 and 2,800. The index activity in the next several days will confirm the correct level for the lower edge of the trading consolidation band.   The signal for long-term uptrend continuation develops when the index breaks out above the upper level of the trading consolidation band near 3,000. The width of the consolidation band is used to calculate the first target for the breakout, which is 3,200 and 3,400. There is a higher probability that the market will continue with the long-term uptrend with a successful breakout above 3,000. The breakout from the trading consolidation band will also establish the correct position for the new long-term uptrend line.   The signal for the development of a downtrend is when the index moves below the lower edge of the trading band near 2,600. The width of the trading band suggests a downside target near 2,200.

Written by Daryl Guppy

Saturday, 26 September 2009 16:31

Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this Facebook Export PDF Print E-mail IS IT OVER for China? Is it time to sell China? These questions have dominated the newswires in the latter half of last week as the Shanghai Index moved to retest support in the 2,600 area. The answer is that one phase of the China market recovery is over, but a new one is beginning. The rest of the world is debating an alphabet soup of L-, W- and V-shaped recoveries as markets develop recovery patterns. Think of the China market as creating an inverted L-shaped trend pause. This is where the rapid uptrend pauses and consolidates. It is the end of momentum, but not the end of the uptrend.   Part of the reason for this is the focus on developing domestic economic strength. China’s State Council introduced a series of sweeping measures to boost small and medium-sized businesses. Small businesses create most of the jobs in China, and the government has a priority on the steady development of the sector.   As a result, tax cuts and relief are at the top of the list. The corporate income tax rate has been cut from 25% to 20% for small businesses whose annual taxable income is less than RMB30,000 ($6,220). Remember this amount is larger than the average annual income in China.   Beijing also announced new measures to encourage financing for small business. The government said it would cover a part of any bad loans that banks incurred from lending to small and medium-sized businesses. It is a move designed to encourage banks to boost their smallbusiness lending. Management-skills training will be offered to one million managers in small companies over the next three years.   The government is encouraging private capital to participate in the reform of rural cooperatives to give small businesses more financing options. A new scheme allows qualified small-sum loan companies to transfer into rural commercial companies and opens up a new source of financing for rural areas. This is economic infra structure building beyond the high-profile bridges and roads. It is not a sprint but a marathon, and the market correction should be seen in this context.   Market corrections have two behaviours: a correction in price and a correction using time. The Shanghai Index is developing both types. A correction in the market develops when the market index moves back to the underlying longterm trend. This is a correction in the long-term trend activity and not a change in the direction of the long-term trend. The long-term trend in the Shanghai Index can be defined with the long-term trend line. This trend line starts in December 2008. On Aug 19, 2009, the value of the long-term trend line is near 2,759.   The market quickly moved back to near the value of the long-term uptrend. In August, the market fell from the peak index value of 3,478 to 2,761, which is near the value of the longterm uptrend line. This 20% fall is a correction in price. The rapid fall reduced the Shanghai index value to near the value of the long-term uptrend line.   A correction using time does not involve a dramatic fall in price. Such a correction develops as a trading band or consolidation pattern. In this situation, the index moves sideways for several weeks or months until the index value is equal to the value of the longterm trend line. When the index value hits the trend line, then a trend rebound develops. The long-term trend line provides a support level and the index continues to rise, following the long-term uptrend line.   Usually, there is either a price correction or a time correction for the uptrend. The current Shanghai Index situation is different. The index first has a price correction and now it is developing an uptrend correction using time. The correction is developing in the area around the long-term uptrend line. When the time correction is completed, it will define the position of a new uptrend line.   The correction using time develops a sideways trading consolidation band. The upper edge of this trading band is near 3,000. The lower edge of the trading consolidation band is between 2,600 and 2,800. The index activity in the next several days will confirm the correct level for the lower edge of the trading consolidation band.   The signal for long-term uptrend continuation develops when the index breaks out above the upper level of the trading consolidation band near 3,000. The width of the consolidation band is used to calculate the first target for the breakout, which is 3,200 and 3,400. There is a higher probability that the market will continue with the long-term uptrend with a successful breakout above 3,000. The breakout from the trading consolidation band will also establish the correct position for the new long-term uptrend line.   The signal for the development of a downtrend is when the index moves below the lower edge of the trading band near 2,600. The width of the trading band suggests a downside target near 2,200.

 

 

China Manufacturing Grows for Seventh Straight Month (Update1)



By Bloomberg News

Oct. 1 (Bloomberg) -- China’s manufacturing expanded for a seventh straight month in September on stimulus spending and this year’s record growth in new loans.

The Purchasing Managers’ Index rose to a seasonally adjusted 54.3 from 54.0 in August, the Federation of Logistics and Purchasing said today in an e-mailed statement in Beijing. The latest number was lower than the median estimate of 55 in a Bloomberg News survey of 13 economists. A reading above 50 indicates an expansion.

China, which is marking 60 years of Communist Party rule today, has pledged to maintain stimulus policies to create jobs, maintain social stability and strengthen the recovery of the world’s fastest-growing major economy. A manufacturing index released by HSBC Holdings Plc yesterday also showed an expansion in September as a 4 trillion yuan ($586 billion) stimulus package countered a slump in exports.

“China’s manufacturing is likely to keep climbing steadily as investment, production and retail sales all rebound further and exports bottom out,” said Lu Zhengwei, an economist at Industrial Bank Co. in Shanghai. Lu estimates China’s economy may grow 9 percent this quarter, up from 7.9 percent in the previous three months.

Today’s manufacturing figure compares with a record-low 38.8 in November, when recessions in the U.S., Europe and Japan sent export orders plunging and Premier Wen Jiabao’s stimulus package was yet to kick in. China’s economic growth will keep strengthening for the rest of 2009, according to a Bloomberg News survey of economists in August.

Surging Auto Sales

China’s industrial output rose the most in a year in August as passenger-car sales almost doubled on tax cuts and government subsidies. Local truck-maker Anhui Jianghuai Automobile Co. said this week that it plans a venture with Caterpillar Inc. and Navistar International Corp. to boost production and tap demand in the world’s fastest-growing major vehicle market.

Industrial overcapacity and a 10-month slump in exports are drags on the nation’s recovery.

China’s State Council, or cabinet, announced on Sept. 29 a ban on building aluminum smelters and coking projects for three years and a temporary halt on new cement projects. It also said the steel industry shouldn’t expand, without specifying a period.

The manufacturing index, released by the logistics federation and the Beijing-based National Bureau of Statistics, is based on replies to questionnaires sent to purchasing executives at more than 730 companies in 20 industries. It began in January 2005.

--Li Yanping. Editors: Paul Panckhurst, Russell Ward.

To contact the Bloomberg News staff for this story: Li Yanping in Beijing at yli16@bloomberg.net Last Updated: September 30, 2009 21:06 EDT

 

Daryl Guppy: Secret escape from the panda bear

Written by Daryl Guppy

Saturday, 05 September 2009 15:00

ONE SWALLOW DOESN'T make a summer and many believe that a few days of rebound in the Shanghai market doesn’t drive away the bearish mood. There is no question that the fall below the long-term trendline is particularly significant. It changes the nature of the trend in the market and the nature of the trend behaviour. The long-term trendline will now act as a formidable resistance to future rises in the trend. The shallow slope of the long-term trendline suggests a slower rate of a future trend rise for the Shanghai market. This is a good outcome because it will develop a more stable and sustainable uptrend. Fundamental analysts use arbitrary measures to distinguish between a retracement and a bear market. The measures of 10% for a technical correction and 20% for a bear market are convenient, but misleading ways to gauge market behaviour. They do not take into account the behaviour and development of trends. In an environment where the Dow Jones can rise or fall routinely by 3.5% or more a day, it makes little sense to define a technical correction based on a 10% figure. The characteristics of a bear market are related to the behaviour of the trend and not to a particular figure. This difference is very important when we consider the Shanghai Composite Index. A bear market is preceded by strong and clear chart patterns which give early warnings of a major change in the trend. The most common is the head-and-shoulder pattern. The rounding-top pattern is also a relievable leading signal of trend change. Both these chart patterns developed over several months. The head-and- shoulder pattern in the Shanghai Composite Index started in June 2007 and was confirmed six months later in January 2008. When we look at the Shanghai Composite Index behaviour in recent weeks or months, we cannot identify one of these bear-market patterns. There is no rounding-top pattern. There is no head-and-shoulder pattern. These patterns forecast a significant and prolonged change in the trend. Without these patterns, the significance of the recent index retreat and trend change is analysed differently. Further analysis indicates the market is showing the opportunity to apply Strategy 8 from the Chinese 36 Strategies. This is a Secret Escape Through Chen Cang. Analysts are focused on the bear market development, or distracted by the idea of a bubble collapse. They ignore the developing Relative Strength Index (RSI) divergence pattern. The rally rebound in the last several days has confirmed this RSI divergence. This points the way to the secret escape from the bear market. Divergence occurs when two trendlines move in opposite directions during the same time period. Analysis starts with the Shanghai Composite Index chart. The first trendline is drawn between the low of Aug 20 and the low of Sept 1. This trend line slopes downwards. The next step is to consider the RSI indicator display. These index lows are compared to the low points on the RSI indicator for the same dates. These two RSI lows are joined with a trendline. This trendline moves upwards and confirms the RSI divergence pattern. This is a powerful and reliable trend reversal pattern. This pattern strongly suggests this market will develop a recovery uptrend. The RSI divergence pattern has one problem — it is not very good for understanding the time frame for the market recovery. When the divergence pattern develops, it does not mean the market will instantly recover and change the trend direction. The RSI divergence pattern warns that the current trend has weakened and a new trend is developing. This may be preceded by a period of consolidation and then develop a new uptrend. The consolidation area is easily identified on the Shanghai Composite Index chart. There is a strong resistance level near 3,000. This is the upper edge of the consolidation area. The lower edge is at 2,600. There is a high probability the market will move in a sideways trading band for several weeks before developing a breakout above 3,000. A market consolidation between 2,600 and 3,000 will provide short-term rally trading opportunities. This indicates investors are accumulating stocks and getting ready for the development of the next section of the longterm uptrend in the Shanghai market. This has been a savage sell-off but, the RSI divergence pattern shows the market can make a secret escape from the bear. The pattern of chart behaviour suggests this is not a bear market, despite the degree of retracement.

 

Hallo, lok fatt, 0168, yah ah, where u get the carrier's info? Can share ohg?

CNV(Carrier Nuclear Vessel) names, AK just simply put one lah .

Peg_li      ( Date: 11-Sep-2009 11:32) Posted: ! Hahaha! where are you getting this message ? I hope Coscorp will get the project!yzj is not able to get it! because coscorp is state-owned company, yangzijiang is privated company. whatever scale,financial,capability, yangzijiang can't campare with coscorp. but this news need be confirmed. if it is true ,coscorp price will soar! AK_Francis      ( Date: 11-Sep-2009 09:07) Posted: Ha ha, tks for all comrade's support on ds S chip. Making CNV by Cosco? Thats good news loh. One order alrdy kuo liao. First CNV name CNV MAU, 2nd one CNV Teng loh. Cheers

 

!

Hahaha!

where are you getting this message ?

I hope Coscorp will get the project!yzj is not able to get it!

because coscorp is state-owned company, yangzijiang is privated company.

whatever scale,financial,capability, yangzijiang can't campare with coscorp.

but this news need be confirmed.

if it is true ,coscorp price will soar!

AK_Francis      ( Date: 11-Sep-2009 09:07) Posted: Ha ha, tks for all comrade's support on ds S chip. Making CNV by Cosco? Thats good news loh. One order alrdy kuo liao. First CNV name CNV MAU, 2nd one CNV Teng loh. Cheers. dealer0168      ( Date: 10-Sep-2009 23:00) Posted: I thk China will choose Cosco instead (to built it first Aircraft carrier) . Yaagzhijiang up quite alot recently already. Possible more upsides maybe limited already even if there is.

 

China’s Industrial Output Rises 12.3% as Recovery Strengthens



By Bloomberg News

Sept. 11 (Bloomberg) -- China’s industrial production grew at a faster pace in August, signaling a strengthening recovery in the world’s third-biggest economy.

Output gained 12.3 percent from a year earlier, after climbing 10.8 percent in July, the statistics bureau said at a briefing in Beijing today. That compared with the 11.8 percent median estimate of 15 economists surveyed by Bloomberg News.

A 4 trillion yuan ($585 billion) stimulus package, record lending and a rebound in property investment and sales have countered an export slump, helping China lead Asia’s recovery from the global recession. Premier Wen Jiabao said yesterday that the government “cannot and will not” pull back from stimulus measures.

“The recovery is becoming more entrenched,” said Peng Wensheng, an economist with Barclays Capital in Hong Kong.

The Shanghai Composite Index has tumbled about 15 percent from this year’s Aug. 4 high because of a slowdown in credit growth after a record $1.1 trillion of new loans in the first half.

“The biggest challenge now is how to guide monetary and credit policy to a prudent level without impacting the property and stock markets and the economic recovery,” said Isaac Meng, a senior economist at BNP Paribas SA in Beijing.

Urban fixed-asset investment for the eight months to Aug. 31 climbed 33 percent, the statistics bureau said. That was more than a 32.9 percent gain through July and the 32.7 percent median estimate in the survey of economists.

Retail-Sales Growth Accelerates

Retail sales rose 15.4 percent in August from a year earlier after a 15.2 percent increase in the previous month.

Surging auto sales are aiding the nation’s recovery. Hyundai Motor Co., South Korea’s largest carmaker, said yesterday that it will raise annual production capacity at its Chinese venture next year to 600,000 vehicles from 500,000. General Motors Co., the biggest overseas automaker in China, says the nation’s vehicle sales may reach 12 million this year, surpassing the U.S. as the world’s No. 1 market.

“Asia is recovering faster from the economic downturn than other regions, in part thanks to China’s gravitational pull,” European Union Trade Commissioner Catherine Ashton said in Beijing on Sept. 9.

China’s gross domestic product may increase 8.3 percent in 2009 and 9.5 percent in 2010, according to a Bloomberg survey of economists conducted the week ended Aug. 28.

Consumer prices fell -1.2 percent last month from a year earlier, declining for a seventh month and giving the central bank more room to keep interest rates at a four-year low to stoke growth. Producer prices dropped 7.9 percent compared with a record 8.2 percent fall last month.

Inflation Alert

Wen said yesterday that the government was on alert for inflation returning.

China will increase interest rates “around next spring” when inflation will climb to as high as 5 percent, economist Meng said. Inflation will rise to 1 percent toward the end of this year and for the whole of next year will average 3.9 percent, he added.

A rebound in the property market has added to signs that the recovery is maintaining momentum.

Investment in real-estate development grew 14.7 percent in the first eight months after an 11.6 percent gain in the first seven months, the statistics bureau said yesterday. House prices in 70 cities rose 2 percent in August, the fastest gain in 11 months.

Drags on growth include overcapacity in manufacturing, falling exports and elevated unemployment.

The government said Sept. 9 that unemployment is a “grave” concern even after improvements in the past three months, underscoring the need to promote economic growth to create jobs and preserve social stability as the Communist Party prepares to celebrate 60 years of rule on Oct. 1.

The urban jobless rate of 4.3 percent understates unemployment because it doesn’t include migrant workers.

To contact the Bloomberg News staff on this story: Kevin Hamlin in Beijing at khamlin@bloomberg.net; Last Updated: September 10, 2009 22:01 EDT

 

Ha ha, tks for all comrade's support on ds S chip. Making CNV by Cosco? Thats good news loh. One order alrdy kuo liao. First CNV name CNV MAU, 2nd one CNV Teng loh. Cheers.

dealer0168      ( Date: 10-Sep-2009 23:00) Posted: I thk China will choose Cosco instead (to built it first Aircraft carrier) . Yaagzhijiang up quite alot recently already. Possible more upsides maybe limited already even if there is. risktaker      ( Date: 09-Sep-2009 21:09) Posted: YZJ is a good S-Chip stock. Use to be $3 range. China are going to built it first Aircraft carrier and most likely they are going to get YZJ to built it. YZJ BO looks impressive with europe emerging from recession. It is a good Buy

 

I thk China will choose Cosco instead (to built it first Aircraft carrier) .

Yaagzhijiang up quite alot recently already. Possible more upsides maybe limited already even if there is.

risktaker      ( Date: 09-Sep-2009 21:09) Posted: YZJ is a good S-Chip stock. Use to be $3 range. China are going to built it first Aircraft carrier and most likely they are going to get YZJ to built it. YZJ BO looks impressive with europe emerging from recession. It is a good Buy. AK_Francis      ( Date: 09-Sep-2009 15:30) Posted: Ha ha, AK hv only one pseudo S chip, Yzjg. Keeping it quite sometime, though acc along d way, but sails to no where leh. Lately, seeing it inbound for home fr  the far horizon laio. Got 2 real S chip but listed in HK one. Cheers.

 

Wen Says China ‘Cannot’ Yet Pull Back on Stimulus (Update2)



By Bloomberg News

Sept. 10 (Bloomberg) -- China’s Premier Wen Jiabao signaled he will maintain unprecedented government spending to drive a recovery from the slowest expansion in almost a decade.

“China’s economic rebound is unstable, unbalanced and not yet solid,” Wen said today in a speech at the World Economic Forum in Dalian, a city in northeastern China. “We cannot and will not change the direction of our policies when the conditions aren’t appropriate.”

Wen’s remarks reflect a commitment last week from the world’s biggest nations to maintain unprecedented fiscal and monetary measures to secure a recovery from the deepest postwar recession. The comments also may help reassure investors that a slowdown in new loans won’t derail China’s rebound.

“The worst has passed, now it’s about whether China can maintain the strong momentum of a recovery that’s primarily been driven by policy stimulus,” said Wang Qing, chief Asia economist for Morgan Stanley in Hong Kong. “Very weak external demand is the key concern.”

Nine months of falling exports, overcapacity in manufacturing and elevated unemployment have restrained the recovery generated by record lending in the first half of the year and a 4 trillion yuan ($586 billion) stimulus package.

Stock Market

The Shanghai Composite Index plunged into a bear market, or a decline of at least 20 percent, on Aug. 31 amid concern that reduced new lending in the second half could damp growth. The index has since pared the slide to 16 percent, and remains up 37 percent from a year ago.

Stimulus steps have “yielded initial results,” arresting a downturn in economic growth, and the government will maintain a moderately loose monetary policy and a “proactive” fiscal stance, Wen said. He cautioned that some stimulus measures will “fade” and others will take time to become effective, he said.

Risks for the economy include asset-price inflation, after a record $1.1 trillion of new loans in the first six months. Bank of China Ltd. Vice President Zhu Min said in an interview in Dalian today that ample liquidity has caused “bubbles” in stocks, commodities and real estate.

“The potential risk is that a lot of liquidity goes to the asset market,” Zhu said. “So you see asset bubbles in commodities, stocks and real estate, not only in China, but everywhere.”

Inflation Risks

While China’s consumer prices have fallen for most of this year, Wen said policy makers are on alert for inflation risks.

The government said yesterday that the employment situation remains “grave,” underscoring the need to promote economic growth to create jobs and preserve social stability as the Communist Party prepares to celebrate 60 years of rule on Oct. 1.

While China’s gross domestic product is 70 times bigger than when Deng Xiaoping endorsed free-market policies in 1978, widening income disparities, corruption, pollution and ethnic tensions threaten to foster unrest. Five people died last week in protests in Urumqi, where ethnic Uighurs and Han Chinese are at odds, following unrest in July which killed almost 200 people.

The government’s goals are social harmony and stability and “steady and relatively fast” growth, the premier said today, adding that the government is “taking all possible steps to expand employment.”

Rebalanced Economy

China also faces the challenge of reducing the economy’s dependence on investment and exports for growth and boosting services and domestic consumption. Achieving that goal could reduce global imbalances in spending and saving that some economists blame for helping cause the global financial crisis.

Domestic demand is playing a bigger role in China’s economy, Wen said today.

The economy accelerated in the second quarter, expanding 7.9 percent, and economists forecast faster growth for the rest of the year. World Bank President Robert Zoellick said Sept. 2 that the nation’s expansion has aided trading partners and increased the chance of a global rebound.

“Asia is recovering faster from the economic downturn than other regions, in part thanks to China’s gravitational pull,” European Union Trade Commissioner Catherine Ashton said in Beijing yesterday.

‘Light of Dawn’

While cautioning of “many uncertainties” for the global economy, Wen said he saw “the light of dawn” and called for the green shoots of recovery to be tended through coordinated moves by world leaders. “Confidence is even more precious” than gold or money, he said.

Finance ministers and central bank governors from the Group of 20 emerging and developed nations meeting last week in London vowed to sustain efforts to secure a global recovery. “We will continue to implement decisively our necessary financial-support measures and expansionary monetary and fiscal policies,” they said in a joint statement.

China’s premier also today called for a global fight against protectionism in trade.

A resurgence of China’s property market, rising auto sales and the fastest expansion of manufacturing in 16 months in August have added to signs that the Chinese economy recovery is maintaining momentum.

House Prices

China’s house prices in 70 cities rose 2 percent in August, double the gain in July, after sales and investment climbed, the statistics bureau said today. General Motors Co., the largest overseas automaker in China, more than doubled sales in the nation last month to 152,365 vehicles.

The government is due to announce August figures for trade, industrial production, fixed-asset investment, retail sales and inflation tomorrow.

China’s gross domestic product may increase 9.5 percent in 2010 after an 8.3 percent gain in 2009, the smallest in eight years, according to a Bloomberg survey of 22 economists conducted the week ending Aug. 28.

Investors in recent weeks indicated doubt that the recovery will be sustained as exports slide and the government seeks to rein in overcapacity in industries such as steel and cement.

For Related News and Information: Most-read stories on China: MNI CHINA 1W <GO> Most-read China economy stories: TNI CHECO MOSTREAD BN <GO> For top economic news: TOP ECO <GO> For top China news: TOP CHINA <GO> Credit crunch page: WCC <GO> Last Updated: September 10, 2009 08:33 EDT

 

YZJ is a good S-Chip stock. Use to be $3 range. China are going to built it first Aircraft carrier and most likely they are going to get YZJ to built it. YZJ BO looks impressive with europe emerging from recession. It is a good Buy.

AK_Francis      ( Date: 09-Sep-2009 15:30) Posted: Ha ha, AK hv only one pseudo S chip, Yzjg. Keeping it quite sometime, though acc along d way, but sails to no where leh. Lately, seeing it inbound for home fr  the far horizon laio. Got 2 real S chip but listed in HK one. Cheers.

 

Ha ha, AK hv only one pseudo S chip, Yzjg. Keeping it quite sometime, though acc along d way, but sails to no where leh. Lately, seeing it inbound for home fr  the far horizon laio. Got 2 real S chip but listed in HK one. Cheers.

 

Yes, my top favourable S*chips CHINA JISHAN.

des_khor      ( Date: 01-Sep-2009 19:23) Posted: We can see how many S-chips in top 20?? This is confirm Bull for S-Chips!!

 

Buy auto related company in China... top pick China Sunshine!

richtan      ( Date: 09-Sep-2009 14:13) Posted: China Growing 9.5% Evident as New Vehicle Sales Soar (Update1) Share | Email | Print | A A A By Bloomberg News Sept. 9 (Bloomberg) -- Look no further than Alcoa Inc. and General Motors Co. for evidence that the Chinese economy is poised to accelerate even after a slump in lending growth dragged down the nation’s stock market. Alcoa, the largest U.S. aluminum producer, is raising its forecast for global consumption of the metal on stronger demand from China. GM, the biggest overseas automaker in China, says the nation’s vehicle sales may reach 12 million, surpassing the U.S. as the world’s No. 1 market. The benchmark Shanghai Composite Index entered a bear market, or a decline of at least 20 percent, Aug. 31 on concern a slide in new loans in July might slow production and investment. Figures for August may allay the fears: Industrial output rose the most in a year and retail sales climbed at a 15 percent annual pace, median forecasts in Bloomberg News surveys show. “Credit tightening isn’t going to crash the economy,” said Tim Condon, head of Asia research in Singapore at ING Groep NV and a former economist at the World Bank. “It’s taking investors a little time to get their heads around this fact.” The Shanghai index rose for a sixth day yesterday, helping pare the decline from this year’s record close on Aug. 4 to 16 percent. The measure fell 0.3 percent as of 1:04 p.m. today. ‘On Track’ A boom in lending earlier this year will be enough to sustain a pick-up in the country’s economic expansion, analysts said. China’s gross domestic product may increase 9.5 percent in 2010 after an 8.3 percent gain in 2009, the smallest in eight years, according to a Bloomberg survey of 22 economists conducted the week ending Aug. 28. “China’s economic recovery is well on track,” said Lu Zhengwei, an economist in Shanghai at Fuzhou-based Industrial Bank Co., China’s seventh-largest bank by market value. “With the explosion of loans so far, stimulus investment won’t be affected, even if lending declines for the rest of this year.” August new-lending figures are scheduled to be released Sept. 11 and may show a 10 percent decline to 320 billion yuan ($47 billion), according to the median estimate of nine analysts surveyed by Bloomberg. The July total was less than 25 percent of the June figure. Loans reached a record 7.7 trillion yuan in the first half of the year, spurring concern among Chinese policy makers that a credit boom would stoke speculation in assets such as stocks and property. While credit growth is slowing, some industries are continuing to obtain financing, helping ease any impact on the nation’s manufacturing, analysts said. Ample Funding Loans of more than a year, used for projects such as railways and power-generation plants, showed ample funding, said Wang Tao, an economist in Beijing at Zurich-based UBS AG, Switzerland’s largest bank by assets. Short-term credit, more likely to be used for speculative purposes, dropped, she added. Industrial production, due for release on Sept. 11, rose at an 11.8 percent annual rate in August, after a 10.8 percent increase in July, according to the median of 15 estimates in a Bloomberg survey. Retail sales figures the same day may show a 15.3 percent gain in August from a year earlier, the biggest rise since January, economists’ estimates indicate. To maintain the momentum, the central government has budgeted 487.5 billion yuan of stimulus spending this year and another 588.5 billion yuan in 2010 for work on projects from low-cost housing to reconstruction in Sichuan province, hit by a 7.9-magnitude earthquake in May 2008. Rising Demand All this means more business for Chinese and international companies. Alcoa expects China’s consumption of aluminum to rise 4 percent this year, compared with its earlier prediction of zero growth, because of demand triggered by stimulus spending, Chief Executive Officer Klaus Kleinfeld said in a Sept. 3 interview. GM sales in China last month jumped to 152,365 vehicles, a gain of more than 100 percent, as tax cuts and stimulus measures spurred demand. The Detroit-based company said its 2009 sales will rise more than 40 percent from 1.09 million last year. The total for all automakers may increase 28 percent this year to as many as 12 million, China’s top planning agency said Sept. 5. Auto production may account for 2 percent of GDP and aluminum output for 0.5 percent, said David Cohen, an economist at Action Economics in Singapore. China Railway Construction Corp., the builder of more than half the nation’s railroads, saw first-half profit jump 46 percent to 2.2 billion yuan, bolstered by government spending. ‘Definitely Exceed’ “We are the beneficiary of a once-in-a-hundred-years opportunity,” Vice Chairman Ding Yuanchen told reporters Sept. 2 in Hong Kong. The company “will definitely exceed” its sales target of 266.3 billion yuan this year, he added. Manufacturing expanded the most in 16 months in August, driven by the record lending in the first half of the year, the official Purchasing Managers’ Index showed Sept. 1. Urban investment in fixed assets such as factories and properties surged 32.7 percent in the first eight months of 2009 from a year earlier, according to the median estimate of 15 economists surveyed by Bloomberg. China is also likely to benefit from a recovery in global trade, which the World Bank expects will record the first contraction since 1982 this year. Chinese exports may climb as much as 15 percent in 2010 after shrinking this year, said Peter Redward, head of Asian emerging-markets research in Singapore at Barclays Plc, the U.K.’s second-biggest lender. Import Demand Trade figures this week may show that China’s imports, the world’s third-largest, fell 10.5 percent in August from a year earlier, the least in 10 months, according to the Bloomberg survey median. Excess capacity in a number of industries remains a drag on the nation’s growth for now. Li Yizhong, China’s industry minister, ordered steel companies on Aug. 13 to refrain from expansion for the next three years. Mills can produce 660 million metric tons of steel annually and there’s demand for only 470 million tons, Li said. Industrial profits dropped 17.3 percent in the first seven months of 2009 from a year earlier to 1.11 trillion yuan, according to the National Statistics Bureau. “Despite a more self-evident economic turnaround in China, the prospect for the world economy remains unclear and the downside risk to external demand remains significant,” the Commerce Ministry said last month. China still has ample resources to maintain its economic acceleration, analysts said. The nation has the world’s largest foreign-exchange reserves, at $2.1 trillion, and outstanding government debt of only 20 percent of GDP, compared with 87 percent in India, according to the International Monetary Fund. “The government will do whatever it takes to keep growth going,” said Huang Yiping, an economics professor at Beijing University and the former chief Asia Pacific economist at Citigroup Inc., the third-largest U.S. bank. To contact the Bloomberg News staff on this story: Kevin Hamlin in Beijing on khamlin@bloomberg.net Last Updated: September 9, 2009 01:10 EDT

 

China Growing 9.5% Evident as New Vehicle Sales Soar (Update1)



By Bloomberg News

Sept. 9 (Bloomberg) -- Look no further than Alcoa Inc. and General Motors Co. for evidence that the Chinese economy is poised to accelerate even after a slump in lending growth dragged down the nation’s stock market.

Alcoa, the largest U.S. aluminum producer, is raising its forecast for global consumption of the metal on stronger demand from China. GM, the biggest overseas automaker in China, says the nation’s vehicle sales may reach 12 million, surpassing the U.S. as the world’s No. 1 market.

The benchmark Shanghai Composite Index entered a bear market, or a decline of at least 20 percent, Aug. 31 on concern a slide in new loans in July might slow production and investment. Figures for August may allay the fears: Industrial output rose the most in a year and retail sales climbed at a 15 percent annual pace, median forecasts in Bloomberg News surveys show.

“Credit tightening isn’t going to crash the economy,” said Tim Condon, head of Asia research in Singapore at ING Groep NV and a former economist at the World Bank. “It’s taking investors a little time to get their heads around this fact.”

The Shanghai index rose for a sixth day yesterday, helping pare the decline from this year’s record close on Aug. 4 to 16 percent. The measure fell 0.3 percent as of 1:04 p.m. today.

‘On Track’

A boom in lending earlier this year will be enough to sustain a pick-up in the country’s economic expansion, analysts said. China’s gross domestic product may increase 9.5 percent in 2010 after an 8.3 percent gain in 2009, the smallest in eight years, according to a Bloomberg survey of 22 economists conducted the week ending Aug. 28.

“China’s economic recovery is well on track,” said Lu Zhengwei, an economist in Shanghai at Fuzhou-based Industrial Bank Co., China’s seventh-largest bank by market value. “With the explosion of loans so far, stimulus investment won’t be affected, even if lending declines for the rest of this year.”

August new-lending figures are scheduled to be released Sept. 11 and may show a 10 percent decline to 320 billion yuan ($47 billion), according to the median estimate of nine analysts surveyed by Bloomberg. The July total was less than 25 percent of the June figure.

Loans reached a record 7.7 trillion yuan in the first half of the year, spurring concern among Chinese policy makers that a credit boom would stoke speculation in assets such as stocks and property.

While credit growth is slowing, some industries are continuing to obtain financing, helping ease any impact on the nation’s manufacturing, analysts said.

Ample Funding

Loans of more than a year, used for projects such as railways and power-generation plants, showed ample funding, said Wang Tao, an economist in Beijing at Zurich-based UBS AG, Switzerland’s largest bank by assets. Short-term credit, more likely to be used for speculative purposes, dropped, she added.

Industrial production, due for release on Sept. 11, rose at an 11.8 percent annual rate in August, after a 10.8 percent increase in July, according to the median of 15 estimates in a Bloomberg survey. Retail sales figures the same day may show a 15.3 percent gain in August from a year earlier, the biggest rise since January, economists’ estimates indicate.

To maintain the momentum, the central government has budgeted 487.5 billion yuan of stimulus spending this year and another 588.5 billion yuan in 2010 for work on projects from low-cost housing to reconstruction in Sichuan province, hit by a 7.9-magnitude earthquake in May 2008.

Rising Demand

All this means more business for Chinese and international companies. Alcoa expects China’s consumption of aluminum to rise 4 percent this year, compared with its earlier prediction of zero growth, because of demand triggered by stimulus spending, Chief Executive Officer Klaus Kleinfeld said in a Sept. 3 interview.

GM sales in China last month jumped to 152,365 vehicles, a gain of more than 100 percent, as tax cuts and stimulus measures spurred demand. The Detroit-based company said its 2009 sales will rise more than 40 percent from 1.09 million last year.

The total for all automakers may increase 28 percent this year to as many as 12 million, China’s top planning agency said Sept. 5.

Auto production may account for 2 percent of GDP and aluminum output for 0.5 percent, said David Cohen, an economist at Action Economics in Singapore.

China Railway Construction Corp., the builder of more than half the nation’s railroads, saw first-half profit jump 46 percent to 2.2 billion yuan, bolstered by government spending.

‘Definitely Exceed’

“We are the beneficiary of a once-in-a-hundred-years opportunity,” Vice Chairman Ding Yuanchen told reporters Sept. 2 in Hong Kong. The company “will definitely exceed” its sales target of 266.3 billion yuan this year, he added.

Manufacturing expanded the most in 16 months in August, driven by the record lending in the first half of the year, the official Purchasing Managers’ Index showed Sept. 1. Urban investment in fixed assets such as factories and properties surged 32.7 percent in the first eight months of 2009 from a year earlier, according to the median estimate of 15 economists surveyed by Bloomberg.

China is also likely to benefit from a recovery in global trade, which the World Bank expects will record the first contraction since 1982 this year. Chinese exports may climb as much as 15 percent in 2010 after shrinking this year, said Peter Redward, head of Asian emerging-markets research in Singapore at Barclays Plc, the U.K.’s second-biggest lender.

Import Demand

Trade figures this week may show that China’s imports, the world’s third-largest, fell 10.5 percent in August from a year earlier, the least in 10 months, according to the Bloomberg survey median.

Excess capacity in a number of industries remains a drag on the nation’s growth for now.

Li Yizhong, China’s industry minister, ordered steel companies on Aug. 13 to refrain from expansion for the next three years. Mills can produce 660 million metric tons of steel annually and there’s demand for only 470 million tons, Li said.

Industrial profits dropped 17.3 percent in the first seven months of 2009 from a year earlier to 1.11 trillion yuan, according to the National Statistics Bureau.

“Despite a more self-evident economic turnaround in China, the prospect for the world economy remains unclear and the downside risk to external demand remains significant,” the Commerce Ministry said last month.

China still has ample resources to maintain its economic acceleration, analysts said. The nation has the world’s largest foreign-exchange reserves, at $2.1 trillion, and outstanding government debt of only 20 percent of GDP, compared with 87 percent in India, according to the International Monetary Fund.

“The government will do whatever it takes to keep growth going,” said Huang Yiping, an economics professor at Beijing University and the former chief Asia Pacific economist at Citigroup Inc., the third-largest U.S. bank.

To contact the Bloomberg News staff on this story: Kevin Hamlin in Beijing on khamlin@bloomberg.net Last Updated: September 9, 2009 01:10 EDT

 

We can see how many S-chips in top 20?? This is confirm Bull for S-Chips!!

 

This time confirm is our S-Chip rally lo... better buy and hold lo...

 

China’s PBOC to Ensure ‘Reasonable, Ample’ Liquidity (Update1)





By Judy Chen

Aug. 25 (Bloomberg) -- The People’s Bank of China said it will ensure “reasonable and ample” liquidity in the financial system and promote “appropriate” growth in lending.

The yuan’s exchange rate will be kept at a “reasonable and balanced” level, the central bank known as PBOC said in its 2008 annual report released on its Web site today. It also plans to make interest rates more “market-oriented,” according to the report.

Premier Wen Jiabao said the government will maintain its fiscal and monetary policies as the nation’s economic recovery isn’t stable and faces many “uncertainties,” according to a statement on the State Council Web site yesterday. The Shanghai Composite Index fell this month amid speculation the government will curb lending that rose to a record in the first half.

The world’s third-largest economy expanded 7.9 percent in the second quarter, rebounding from the weakest growth in almost a decade. Still, exports fell 23 percent from a year earlier in July, declining for a ninth month, as the global slowdown battered foreign demand.

Consumer prices will likely stabilize in the second half of this year as the economy gradually recovers and investment growth accelerates, according to the PBOC report today.

China’s consumer price index dropped 1.8 percent last month from a year ago, following five months of declines.

--Judy Chen. Editor: Tan Hwee Ann

To contact Bloomberg News staff for this story: Judy Chen in Shanghai at +86-21-6104-7047 or Xchen45@bloomberg.net. Last Updated: August 25, 2009 09:11 EDT

 

There is still potential S Chip around lah. ChinaFT, one of them

Don't buy those that already high in price. Buy those that its true value not achieve yet.

Come on........ work hard to find.

Cheers.