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Good time for China stocks again?

If you think 10.9% is hot, wait till you hear this. Driven by a building boom, China's economy grew a stunning 11.3% in the second quarter from a year ago, its fastest rate in a decade. This spurred speculation that Beijing will raise interest rates to cool the expansion.

 

ICBC stated. It isgoing for US$21 billions dollars IPO. There can be some confident build up before Oct 2006, look likely this week China sgx stocks and stock in shanghai, HK will be building up it prices a boost.

 

Upcoming IPOs could drain liquidity from existing issues. China's no. 1 lender, ICBC, will list in HK and Shanghai, raising US$12b and US$3b respectively. It's expected to take place in Oct. There could be more selling.

 

ICBC rising US$12 billion for listing in HK & Shanghai, another confident selling for China and sgx listed china stocks, bargain hunting time when it hit a low for bargain hunters liao.

 

Sure hike 1, oil trading oredi up US$78.40 per barrel. X'mas US$87.65 gift to all. 

 

China's economy grew a scorching 10.9% in Q2. This raise fears of interest rates hikes.

 

Data shows China still growing rapidly despite measures to cool its economy. Looks like more measures are needed to prevent overheating. Shanghai index is down 84.227 pts or 4.84% to 1655.773. This is really putting selling pressure on China stocks here.

 

Some sgx China listed stocks still  getting good attended from S&M as well as big players, esp GIC fund is moving to China & India.

 

C.Sun posted almost 23% growth premium last week just like BOC, unlike BOC, upside is limited due to no further significant news to drive up it px. 

 

China Petro seem moving too fast up, isit an oil Co or some software Co?

 

Profit taking done on some China SGX listed stocks, coming week will see rotational play again started with Chinamilk, Landwind & Hengxin oredi.

 

My China stock index for SGX-listed China stocks has risen >10% since 9 June. That is a significant bounce by any measure.

http://hotstocksnot.blogspot.com/2006/07/singapore-market-summary-5-jul-wed.html

 

Yup, No further news from Northern Bro mean good news here for sti, some help is coming from sti-China related stock to boost some confident.

 

BOC end with very strong in Shanghai bourse. +23% and is going to inch up to above 3.80 yuan before move on to 4.00 yuan, a sign of  +ve mkt confident in leading the way it should be lead, may give smaller sis in S'pore China related stock some hope of revival.

 

From TA point of view, China stocks are showing V-shaped chart patterns that portend trouble. V-shaped rebounds often signal late-stage trouble, breakdowns.



V-shaped bases occur when a stock falls sharply off its highs. After a few weeks it surges straight up from the bottom of its base, without taking the time to round out the bottom of the pattern. The resulting straight up-and-down action resembles a V.



Such patterns tend to fail more often than rounded, cup-shaped bases. A V-pattern implies that the stock isn't going through the healthy consolidation process needed to prep for a breakout. While institutional investors may be selling early in the base, retail investors may be jumping in to try and catch a big name at what they see as a bargain price. Subsequent breakouts often fail.



While smooth-looking first- and second-stage bases tend to have better success, late-stage bases fail more frequently, often tracing these kinds of jagged shapes.

 

Most China's Stocks had rebounded very strongly over the last 2 weeks.  My take is that, the technical correction should end very soon. Punters need to find excuses to throw and short.  And may investors caught during the last correction is still try to get out, and the opportunity is here now and if correction start again, it may drop even faster than the last time!

 

thanks for all the inputs.... looks like the general sentiment for China stocks is not too good...

I don't think Uncle Kim in N Korea made things better for China stocks as well with his missile firing.

 

tell kim not to fire any more missiles.. and ahmad not to enrich uranium..

 

2020 is very long, 14 more yrs away, mahati liao.

 

Can consider China paper for short term gain. !st do home work and trade at ur own risk. (within ur mean).