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CIMB TP 0.94
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1.015 also kena knocked down!
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Shorts for the past weeks are laughing to the banks!
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1.015 will provide very strong support. Cheers!!!
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For risk-takers, Monday will be a good opportunity to buy the dips. Assess and access.
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China Regulator Says Bank Reserves Enough to Weather Cash Crunch
June 29 (Bloomberg) -- China’s banking regulator, in his first public comments since the country’s worst cash crunch in at least a decade, said the operations of its lenders won’t be disrupted because they’ve built up sufficient cash reserves.
Banks had about 1.5 trillion yuan ($244.4 billion) of cash reserves as of yesterday that could be used for payment and settlement needs, more than double what is usually required, Shang Fulin, chairman of the China Banking Regulatory Commission, said in a speech in Shanghai today.
“The tight liquidity condition on the interbank market has been easing in the last few days,” Shang said at the annual Lujiazui financial conference. “This type of situation won’t affect the banking sector’s smooth operations.”
Chinese bank stocks jumped yesterday after People’s Bank of China governor Zhou Xiaochuan pledged to maintain market stability following a cash squeeze that sent money-market rates to a record. Among buyers of the shares was Temasek Holdings Pte, Singapore’s state-owned investment company, which said yesterday it raised its stake in Hong Kong shares of Industrial and Commercial Bank of China Ltd. to 8.07 percent from 7.92 percent.
Shares of ICBC, China’s largest lender by market value, gained 2.7 percent in Hong Kong yesterday. The stock jumped 5.5 percent in Shanghai, the most since November 2010. ICBC’s Shanghai shares had fallen 8.9 percent this month through June 27 as higher interbank rates spurred concerns that tighter liquidity would hurt economic growth.
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Ang Ku Kueh too potent! Lol!!!
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My customer service teams are trying to salvage the situation.
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Now the Ang Mohs are asking me to send them pang sai zua!!!
srichipan ( Date: 28-Jun-2013 22:00) Posted:
Oh no. Ang mo eat ang ku kueh will lao sai!
Peter_Pan ( Date: 28-Jun-2013 21:55) Posted:
My staff sent the wrong kuehs to Wall Street!!! She sent Ang Ku Kueh to the Ang Moh!!!! |
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My staff sent the wrong kuehs to Wall Street!!! She sent Ang Ku Kueh to the Ang Moh!!!!
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Recent lows 1.015
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Finally comes the chance to buy lower.
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Lai Lai Lai! Hong Bao Nah Lai!!!
Peter_Pan ( Date: 25-Jun-2013 10:34) Posted:

F& N giving ang baos?!?!  |
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HUAT AHHH!!!!! 
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Green horns cannot wait to charge! lol !!
LoveToInvest ( Date: 27-Jun-2013 22:49) Posted:
The world bulls are dancing
Peter_Pan ( Date: 27-Jun-2013 22:39) Posted:
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The bulls are charging!
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Yah!! Sent a lot over liao!! Very hot and fresh!!!
guoyanyunyan ( Date: 27-Jun-2013 15:45) Posted:
... believe you've sent lots of green huat kueh to Japan ...
    ...how about Europe... must reach in time .... warm warm and fresh fresh ....  |
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Long queues man!!! Hotter than Hello Kitty!!!!!
GorgeousOng ( Date: 27-Jun-2013 20:29) Posted:
CEO of Green Huat Kueh Pte,
Tomorrow is my birthday.... remember to make more Green Huat Kueh for my birthday party!!!! Cheers!!!
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These are only short-term issues.
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A BIG PIE just flew away...what a pity.
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