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Earthquark area is Wen Chuan,, mountain areas...SiChuan province
YingLi project is in Central City area of ChongQing....
E-war ( Date: 12-Mar-2010 19:24) Posted:
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My take is that Yingli is well poised to benefit from all the construction and demand for housing after the quakes that hit the region. What do you guys think?
iS YiNG Li shOrt Of FiNANCES?
no prob la they are worry about tightening again but might be a baseless worry but even if have tightening see how businesstimes says loans will still go to funds gov backed projects.I think Chong Qing development is very backed by Gov so no worries there.
Hong Kong Homes Set for ‘Another Good Year,’ Sun Hung Kai Says
2010-03-11 23:21:46.423 GMT
By Chia-Peck Wong
March 12 (Bloomberg) -- Hong Kong’s home market may see
“another good year” in 2010 as buyers remain financially
sound, according to Sun Hung Kai Properties Ltd., the world’s
biggest developer by market value.
“We don’t see any bubbles in the market,” Victor Lui,
executive director of Sun Hung Kai’s real estate arm, said at a
briefing yesterday.
An economic recovery in Hong Kong, near-zero interest rates
on savings, 20-year low mortgage rates and record low supply
spurred a 29 percent gain in overall existing home prices last
year, leading the government to raise property taxes and down
payments to cool the market.
“The residential market in Hong Kong is likely to see
another good year both in terms of prices and volume,”
Chairwoman Kwong Siu Hing said in a stock exchange statement as
the developer announced underlying first-half profit that beat
estimates. “Affordability, mortgage interest rates, liquidity
and homebuyer confidence remain favorable,” she said.
Last year’s increase in home prices led the Hong Kong
Monetary Authority to tell banks to price new mortgage loans
above its “reference rate” amid concerns a price war may
further erode their profit margins, Stanley Wong, deputy general
manager at ICBC Asia Ltd., said earlier this month.
The HKMA, the city’s de facto central bank, set the
reference levels at 0.7 of a percentage point above the one-
month Hong Kong interbank offered rate and 3.1 percentage points
below the prime mortgage rate when it met lenders, Wong said.
No Real Intervention
So far, Hong Kong’s measures don’t represent active
intervention in the market, Credit Suisse analysts led by Hong
Kong-based Cusson Leung said in a March 8 report. “We believe
the government will observe the market for another two to three
months to gather any hard evidence before it really
intervenes,” the report said.
The city’s government shouldn’t enter the property market,
as its last intervention led to the 1998 crash, Thomas Kwok,
vice-chairman of Hong Kong-based Sun Hung Kai and Kwong’s son,
told reporters at a briefing yesterday.
Prices of some luxury apartments, typically defined as
those bigger than 1,000 square feet (92.9 square meters) or
costing more than HK$10 million ($1.29 million) each, have
returned to record levels posted in 1997, John Tsang, Hong
Kong’s finance secretary, said in his Feb. 24 budget speech.
Henderson Land Development Co., a Hong Kong developer
controlled by billionaire Lee Shau-kee, said in October it sold
a luxury apartment at a world record price of HK$88,000 on a per
square foot basis.
Rival Views
History may make Hong Kong’s leaders cautious. At the
height of a bubble in 1997, the year Britain returned Hong Kong
to China, the government pledged to supply 85,000 homes a year.
In 1998, prices tumbled in the Asian financial crisis.
Kwok’s comments pit him against rival developers such as
New World Development Co., whose managing director Henry Cheng
said parts of Hong Kong’s property market show signs of
“overheating.” Cheng, son of billionaire Cheng Yu-tung,
supports proposals to resume construction of government-
subsidized housing provided not “too many” units are built,
Radio Television Hong Kong reported March 8.
Billionaire Vincent Lo, chairman of developer Shui On Land
Ltd., also backs the proposal, the government broadcaster said.
Measures by the Chinese and Hong Kong governments to cool
the property market “are sensible” as steps include an
increase in supply, Martin Cubbon, chief executive of Swire
Properties Ltd., the real estate arm of Swire Pacific Ltd., said
yesterday.
Supply Drops
“We will support any moves that seek to improve
transparency in prices,” Cubbon said, declining to comment
further as Swire Pacific seeks to spin-off the properties unit
through a share sale in Hong Kong.
Completions of Hong Kong apartments fell to a record low of
7,160 last year and may double this year, the government said on
March 4. For homes bigger than 100 square meters each,
completions, which more than doubled in 2009 to 2,420, may fall
to 1,430 this year, it said.
Sun Hung Kai and Swire Pacific yesterday reported profit
that beat analysts’ estimates.
Sun Hung Kai said fiscal first-half underlying profit rose
44 percent to HK$6.51 billion on wider margins from real estate
sales and higher rental income. The median estimate of five
analysts surveyed by Bloomberg News was HK$5.55 billion.
Swire Pacific, the Hong Kong office landlord and owner of
42 percent of Cathay Pacific Airways Ltd., said 2009 underlying
profit jumped 62 percent to HK$8.48 billion, as the airline
returned to profit and rental income rose. That compares with
the HK$7.5 billion median estimate of five analysts surveyed by
Bloomberg.
For Related News and Information:
Hong Kong Property: HKRE <GO>
Hong Kong Office: TNI HK CREOFFICE <GO>
--With assistance from Kelvin Wong in Hong Kong. Editors:
Malcolm Scott, Ed Johnson
To contact the reporter on this story:
Chia-Peck Wong in Hong Kong at +852-2977-6532 or
cpwong@bloomberg.net.
To contact the editor responsible for this story:
Malcolm Scott at +612-9777-8676 or
Mscott23@bloomberg.net
2010-03-11 23:21:46.423 GMT
By Chia-Peck Wong
March 12 (Bloomberg) -- Hong Kong’s home market may see
“another good year” in 2010 as buyers remain financially
sound, according to Sun Hung Kai Properties Ltd., the world’s
biggest developer by market value.
“We don’t see any bubbles in the market,” Victor Lui,
executive director of Sun Hung Kai’s real estate arm, said at a
briefing yesterday.
An economic recovery in Hong Kong, near-zero interest rates
on savings, 20-year low mortgage rates and record low supply
spurred a 29 percent gain in overall existing home prices last
year, leading the government to raise property taxes and down
payments to cool the market.
“The residential market in Hong Kong is likely to see
another good year both in terms of prices and volume,”
Chairwoman Kwong Siu Hing said in a stock exchange statement as
the developer announced underlying first-half profit that beat
estimates. “Affordability, mortgage interest rates, liquidity
and homebuyer confidence remain favorable,” she said.
Last year’s increase in home prices led the Hong Kong
Monetary Authority to tell banks to price new mortgage loans
above its “reference rate” amid concerns a price war may
further erode their profit margins, Stanley Wong, deputy general
manager at ICBC Asia Ltd., said earlier this month.
The HKMA, the city’s de facto central bank, set the
reference levels at 0.7 of a percentage point above the one-
month Hong Kong interbank offered rate and 3.1 percentage points
below the prime mortgage rate when it met lenders, Wong said.
No Real Intervention
So far, Hong Kong’s measures don’t represent active
intervention in the market, Credit Suisse analysts led by Hong
Kong-based Cusson Leung said in a March 8 report. “We believe
the government will observe the market for another two to three
months to gather any hard evidence before it really
intervenes,” the report said.
The city’s government shouldn’t enter the property market,
as its last intervention led to the 1998 crash, Thomas Kwok,
vice-chairman of Hong Kong-based Sun Hung Kai and Kwong’s son,
told reporters at a briefing yesterday.
Prices of some luxury apartments, typically defined as
those bigger than 1,000 square feet (92.9 square meters) or
costing more than HK$10 million ($1.29 million) each, have
returned to record levels posted in 1997, John Tsang, Hong
Kong’s finance secretary, said in his Feb. 24 budget speech.
Henderson Land Development Co., a Hong Kong developer
controlled by billionaire Lee Shau-kee, said in October it sold
a luxury apartment at a world record price of HK$88,000 on a per
square foot basis.
Rival Views
History may make Hong Kong’s leaders cautious. At the
height of a bubble in 1997, the year Britain returned Hong Kong
to China, the government pledged to supply 85,000 homes a year.
In 1998, prices tumbled in the Asian financial crisis.
Kwok’s comments pit him against rival developers such as
New World Development Co., whose managing director Henry Cheng
said parts of Hong Kong’s property market show signs of
“overheating.” Cheng, son of billionaire Cheng Yu-tung,
supports proposals to resume construction of government-
subsidized housing provided not “too many” units are built,
Radio Television Hong Kong reported March 8.
Billionaire Vincent Lo, chairman of developer Shui On Land
Ltd., also backs the proposal, the government broadcaster said.
Measures by the Chinese and Hong Kong governments to cool
the property market “are sensible” as steps include an
increase in supply, Martin Cubbon, chief executive of Swire
Properties Ltd., the real estate arm of Swire Pacific Ltd., said
yesterday.
Supply Drops
“We will support any moves that seek to improve
transparency in prices,” Cubbon said, declining to comment
further as Swire Pacific seeks to spin-off the properties unit
through a share sale in Hong Kong.
Completions of Hong Kong apartments fell to a record low of
7,160 last year and may double this year, the government said on
March 4. For homes bigger than 100 square meters each,
completions, which more than doubled in 2009 to 2,420, may fall
to 1,430 this year, it said.
Sun Hung Kai and Swire Pacific yesterday reported profit
that beat analysts’ estimates.
Sun Hung Kai said fiscal first-half underlying profit rose
44 percent to HK$6.51 billion on wider margins from real estate
sales and higher rental income. The median estimate of five
analysts surveyed by Bloomberg News was HK$5.55 billion.
Swire Pacific, the Hong Kong office landlord and owner of
42 percent of Cathay Pacific Airways Ltd., said 2009 underlying
profit jumped 62 percent to HK$8.48 billion, as the airline
returned to profit and rental income rose. That compares with
the HK$7.5 billion median estimate of five analysts surveyed by
Bloomberg.
For Related News and Information:
Hong Kong Property: HKRE <GO>
Hong Kong Office: TNI HK CREOFFICE <GO>
--With assistance from Kelvin Wong in Hong Kong. Editors:
Malcolm Scott, Ed Johnson
To contact the reporter on this story:
Chia-Peck Wong in Hong Kong at +852-2977-6532 or
cpwong@bloomberg.net.
To contact the editor responsible for this story:
Malcolm Scott at +612-9777-8676 or
Mscott23@bloomberg.net
where are the TiGERS?
okie... notbad not bad profit takers just a little bit of hit...not bad not bad.
i just following mkt movement, i will be letting go soon. in the long run, it might touch your tp, good luck, enjoy:)
yummygd ( Date: 11-Mar-2010 15:34) Posted:
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i dun have money to ave down so didn't do it. longterm investor haha my TP is 1.2 which i am very sure will happen by next year. my selling price will be 0.98 . congrates to u haha but hopefully u dun have to sell down haha.
tanh2l ( Date: 11-Mar-2010 12:16) Posted:
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BUYING and SELLING are always EQUAL
BUYERS and SELLERS are always EQUAL
BUYERS must BUY from SELLERS
SELLERS must SELL to BUYERS
Intra day profit taking...just hold on.............with weekend effect coming, many are cashing out....
But the Buy vol.is much more than Sell vol.leh....
Where are the TA charting?
Losing steam and may break below 0.50 soon if trend continues.
pls standby, will let go on next rebound px target.
tanh2l ( Date: 10-Mar-2010 13:58) Posted:
|
What goes up must come down...... !
Beware.....got profit take first.....
China Govt is going to implement the crab thingy to the property again......
Take care !
profit taking today is my guess.. contra players cashing in. karching.
53 63 73 83 93
103 113 123 133 143
103 113 123 133 143
Company must have GOAL before PLAN
Company must have PLAN before ACTION
Company must have ACTION before PERFORMANCE
FUEL CHARGES
ah_seng1001 ( Date: 10-Mar-2010 21:29) Posted:
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