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Latest Posts By richtan - Supreme      About richtan
First   < Newer   1101-1120 of 3268   Older>   Last  

21-Aug-2009 23:35 Others   /   Congratulation to those who still hold shares!       Go to Message
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Hi cheongwee,

No offence or any hard feelings.

In order not to start a war and as PM said, share a common space, have some restraint and tolerance of others beliefs.

Though u dun believe in TA, u should also not debase TA as nothing is infallible, tat includes "smart money" as well as TA, by your debasing TA, u are doing injustice to us, TA practitioner.



cheongwee      ( Date: 21-Aug-2009 23:24) Posted:



Have you follow on Mermaid thread???..i hope i am not starting a war...

there was this guy a TA guy...he said Mermaid is a sell and he went over to Epure...and those listen to him went over, but Mermaid soar again...this time he saiod TA call a sell at 80C...

today Mermaid is 87c...cheongwee did not follow them, but i add on,,,in fact, i sold all 11 counter and organise  into 4 counter with Mermaid alone costing 50% of my vested sum.

If i listen to TA...today i be crying....NO TA and FA..

IT IS THE SMART MONEY!!!!

if smart money is not there, even how good your stock is also useless...

thus Jade and centillion soar and smart money is acc...you see for yourself later..

to profit, we must know where the smart money is, in the market...that is a big question mark..

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21-Aug-2009 23:25 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.



star-trader      ( Date: 21-Aug-2009 21:37) Posted:



It will drop further before any rebounds.

SOBAYOR,

rgds, star-trader

 

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21-Aug-2009 23:05 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Hi star-trader,

No offence intended and hope no hard feelings.

My sincere apology, if u feel hurt by my this posting.

Never make such "The Supreme ONE" statements like "will this", "will tat".

Remember, we are just mere mortals, not "The Supreme ONE", only "The Supreme ONE" can make such "sure" statements, we as mere mortals can only make such remarks as "may test ...". "might test" or "will probably test ..."

I would have not made this post had u instead said "may test ...", "might test" or "will probably test ..."

Nothing is for sure till the mkt confirms it, in any case the trend is still up and haven't breached the 95ema for 2 or more days continuous, so I m still unperturbed by all this noises.

 



star-trader      ( Date: 21-Aug-2009 21:37) Posted:



It will drop further before any rebounds.

SOBAYOR,

rgds, star-trader

 

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21-Aug-2009 22:45 Others   /   DOW       Go to Message
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21-Aug-2009 22:44 Others   /   Congratulation to those who still hold shares!       Go to Message
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21-Aug-2009 18:37 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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I m sorry, I really dun know as I m not MFT, I trade based on EOD data and chart pattern.

bsong88      ( Date: 21-Aug-2009 17:22) Posted:

Hi Ricktan

tks for sharing

from the chart do you think Ausgroup will take off from this level or fall back to 62 range

Tks

 

 

 



richtan      ( Date: 21-Aug-2009 10:20) Posted:

Hi Titan888,

U r most welcome, it is my pleasure n passion to share and exchange pointers.



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21-Aug-2009 12:34 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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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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21-Aug-2009 12:33 Others   /   Most - S-Chip get ready to get 10-20% Price Hike       Go to Message
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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
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21-Aug-2009 11:09 Others   /   DOW & STI       Go to Message
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Alemak, not news, but olds, dated Aug 19 2008, wake-up!!

wongmx6      ( Date: 21-Aug-2009 11:06) Posted:

Hi Sharejunky,

When was the date for this article begin posted by Reuters.


 



ShareJunky      ( Date: 21-Aug-2009 08:17) Posted:

REUTERS

 

Large U.S. bank collapse ahead, says ex-IMF economist

 

Tue Aug 19, 2008 5:59pm EDT

 

By Jan Dahinten

 

SINGAPORE (Reuters) - The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.

 

"The U.S. is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say 'the worst is to come'," he told a financial conference.

 

"We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper, we're going to see a big one, one of the big investment banks or big banks," said Rogoff, who is an economics professor at Harvard University and was the International Monetary Fund's chief economist from 2001 to 2004.

 

"We have to see more consolidation in the financial sector before this is over," he said, when asked for early signs of an end to the crisis.

 

"Probably Fannie Mae and Freddie Mac -- despite what U.S. Treasury Secretary Hank Paulson said -- these giant mortgage guarantee agencies are not going to exist in their present form in a few years."

 

Rogoff's comments come as investors dumped shares of the largest U.S. home funding companies Fannie Mae and Freddie Mac on Monday after a newspaper report said government officials may have no choice but to effectively nationalize the U.S. housing finance titans.

 

A government move to recapitalize the two companies by injecting funds could wipe out existing common stock holders, the weekend Barron's story said. Preferred shareholders and even holders of the two government-sponsored entities' $19 billion of subordinated debt would also suffer losses.

 

Rogoff said multi-billion dollar investments by sovereign wealth funds from Asia and the Middle East in western financial firms may not necessarily result in large profits because they had not taken into account the broader market conditions that the industry faces.

 

"There was this view early on in the crisis that sovereign wealth funds could save everybody. Investment banks did something stupid, they lost money in the sub-prime, they're great buys, sovereign wealth funds come in and make a lot of money by buying them.

 

"That view neglects the point that the financial system has become very bloated in size and needed to shrink," Rogoff told the conference in Singapore, whose wealth funds GIC and Temasek have invested billions in Merrill Lynch and Citigroup

 

In response to the sharp U.S. housing retrenchment and turmoil in credit markets, the U.S. Federal Reserve has reduced interest rates by a cumulative 3.25 percentage points to 2 percent since mid-September.

 

Rogoff said the U.S. Federal Reserve was wrong to cut interest rates as "dramatically" as it did.

 

"Cutting interest rates is going to lead to a lot of inflation in the next few years in the United States."

 

(Editing by Neil Chatterjee)

 

© Thomson Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world.

 

Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.

 



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21-Aug-2009 10:31 Others   /   Market News that affect STI       Go to Message
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21-Aug-2009 10:20 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Hi Titan888,

U r most welcome, it is my pleasure n passion to share and exchange pointers.



Titan888      ( Date: 21-Aug-2009 10:17) Posted:

Hi Richtan,

Thank you for sharing all this info.



richtan      ( Date: 21-Aug-2009 10:06) Posted:



From OCBC Research:

Strong breakout from trading range suggest further upside

Positive breakout.

AusGroup is likely to see more upside in the days ahead after
breaking out of its 3-week horizontal trading range and above
the key support-turned-resistance level of $0.62 on heavy volume yesterday.

Upside momentum revived.

With the RSI rebounding off strongly at the 50% mark and the MACD indicator
signaling a strong bullish crossover yesterday, these seem to suggest
renewed strength in the upside momentum.

Immediate resistance at $0.72.

Should the breakout materialize, we expect an immediate resistance at $0.72
(support-turned-resistance level) with the subsequent obstacle at around $0.86-$0.875
(gap zone in early Jun ’08).

Initial support at $0.62.

Beyond the immediate support at $0.62, the subsequent supports are pegged at $0.565
(lower boundary ofhorizontal trading range and 5-month uptrend line), followed by $0.45
(troughs in mid May and mid Jun ‘09).

Philip Teo(65) 6531 9807e-mail: philipteo@ocbc-research.com

 


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21-Aug-2009 10:06 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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From OCBC Research:

Strong breakout from trading range suggest further upside

Positive breakout.

AusGroup is likely to see more upside in the days ahead after
breaking out of its 3-week horizontal trading range and above
the key support-turned-resistance level of $0.62 on heavy volume yesterday.

Upside momentum revived.

With the RSI rebounding off strongly at the 50% mark and the MACD indicator
signaling a strong bullish crossover yesterday, these seem to suggest
renewed strength in the upside momentum.

Immediate resistance at $0.72.

Should the breakout materialize, we expect an immediate resistance at $0.72
(support-turned-resistance level) with the subsequent obstacle at around $0.86-$0.875
(gap zone in early Jun ’08).

Initial support at $0.62.

Beyond the immediate support at $0.62, the subsequent supports are pegged at $0.565
(lower boundary ofhorizontal trading range and 5-month uptrend line), followed by $0.45
(troughs in mid May and mid Jun ‘09).

Philip Teo(65) 6531 9807e-mail: philipteo@ocbc-research.com

 
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21-Aug-2009 09:51 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Trade Summary at this point in time shows more buy-up:
5GJ (AusGroup)


 WEIGHTED AVG PRICE :  0.6484   LAST DONE PRICE :  0.645 
 SPREAD/PRICE RATIO :  0.0000   AVG TRADE SIZE :  67.047 
< />
Last Trades Vol BuyVol Mid SellVol
0.640 50 3,073 1,564 0 1,509
0.645 87 5,714 2,447 0 3,267
0.650 46 5,741 1,810 0 3,931
0.655 116 5,519 37 0 5,482
TOTAL 299 20,047 5,858 0 14,189
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21-Aug-2009 09:40 Midas   /   Midas       Go to Message
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Probably got burnt aredi, now in iCU (joking only lah, I not bad-hearted)

JJSeng      ( Date: 21-Aug-2009 09:34) Posted:

Ha...as long you don't make so much noise the 1 lotter will not wake up.hehehe

edskh78      ( Date: 21-Aug-2009 09:03) Posted:

Haha, don't know what time will the 1 lot joker wake up today.........


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21-Aug-2009 09:29 Midas   /   Midas       Go to Message
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Mkt behaves based on sentiments, all these fair values are just on theory, not practical.

ravikp      ( Date: 21-Aug-2009 09:24) Posted:

Today BUSINESS TIMES call this counter fair value is $1.05

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21-Aug-2009 09:27 Others   /   DOW       Go to Message
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21-Aug-2009 09:20 Midas   /   Midas       Go to Message
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Who cares, I can't be bothered by all these noises, it is a futile effort to go against the trend, they are playing with fire like a small kid who need to be taught a lesson.

edskh78      ( Date: 21-Aug-2009 09:03) Posted:

Haha, don't know what time will the 1 lot joker wake up today.........

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21-Aug-2009 00:33 AusGroup   /   AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m       Go to Message
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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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21-Aug-2009 00:18 Others   /   Market News that affect STI       Go to Message
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STI chart today shows a bullish harami with momentum going to crossover at the 0 line upwards
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21-Aug-2009 00:14 Others   /   Market News that affect STI       Go to Message
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Buy Emerging-Market Stocks on Dip, Credit Suisse Says (Update1)


By Shiyin Chen

Aug. 19 (Bloomberg) -- Investors should buy emerging-market stocks amid declines this month because valuations aren’t expensive even after their gains this year, according to Credit Suisse Group AG.

Shares in developing nations are trading at about 12.7 times reported earnings, just 5 percent higher than the levels seen at the start of previous rallies, Credit Suisse analysts Sakthi Siva and Kin Nang Chik said in a report. Global emerging market stocks may offer an “upside potential” of 25 percent in the next 12 months, they added.

The MSCI Emerging Markets Index has slipped 4.2 percent from this year’s high set on Aug. 3, trimming gains so far in 2009 to 46 percent. Indexes in developing nations account for all 10 of the world’s best performers this year, led by Peru, Indonesia and Sri Lanka, Bloomberg data show.

“The starting point of this rally was more depressed global emerging market valuations,” the analysts wrote. “With August seasonally the worst month for global emerging markets, we suggest buying on the dips in August.”

Emerging-market shares are trading at about 1.9 times book value, “marginally below” their historical averages, the Credit Suisse analysts said. Dividend yield of 2.7 percent is higher than their long-term averages, they added.

Economic Growth

Investors should buy emerging market stocks and sell equities in developed nations short because emerging economies will have faster economic growth and their shares are cheaper, Societe Generale SA said this week.

The MSCI Emerging Markets Index trades at 13.86 times the bank’s 12-month earnings forecast, below the 15.89 multiple for MSCI’s EAFE Index of developed stocks, wrote Rebecca Cheong, senior equity derivatives strategist for Societe Generale in New York. Emerging economies may expand by 4.8 percent next year, compared with 3 percent for developed nations and 2.2 percent for the U.S., economists at the French bank estimate.

“Even after production improves from historically low levels, healthy consumer demand will still be needed for a real recovery, which has not yet” occurred in developed markets, Cheong wrote. “With little hope of immediate strong export pick- up, countries will need to rely on internal growth, which is more favorable for emerging-market countries based on recent retail numbers.”

To contact the reporter on this story: Shiyin Chen in Bangkok at schen37@bloomberg.net

Last Updated: August 18, 2009 23:13 EDT
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