ShareJunction - Member Posts

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Hi maseratiq n fellow forumers,

Do u all think this sharing of my chart analysis deserves a "bad rating".

If u think it deserves better, show me your support to motivate me n boost my morale though I ignore tat "bad rating" which must be an act of an insane mind or TA detractors who can't exchange pointers n add-value to all forumers here.

richtan ( Date: 01-Jul-2009 22:47) Posted:

Hi maseratiq,

If u had diligently follow n read this thread, u sholud have noticed tat I had made a posting quoting some broking houses mentioning tat Midas had more contracts coming.

U must look at the whole mkt in perspective, given tat the whole mkt had been correcting for the last 2 weeks, this is considered already exceptionally good for Midas.

See my chart commentaries:

maseratiq ( Date: 01-Jul-2009 18:58) Posted:

Hi Rich Tan,

I've been rolling over Midas, with considerable success, but today sold only and never bought.

The reason is I'm worried that the news from the company will dry up.

However, I just saw from this Forum that Midas has won another 2 contracts (announced before lunch and I was not aware of it then - given that if I'd known, I'd have bought more today).

The question now is - why didn't Midas move in tandem with the good news?

Thanks for all your advise.

Btw, still vested at 60s.

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Smiley Smiley Smiley It never fails to amuse me tat such factual posting is given "bad rating"...hahahaha.. Smiley Smiley Smiley

This is obviously abuse of the rating system and act of a psycho mind n makes himself/herself a laughing stock.

I already mentioned it doesn't bother me the slightest bit but instead will spur me to add more value to this forum as this is just noises n act of insane mind.

.

richtan ( Date: 02-Jul-2009 02:28) Posted:

From DBSV:

Midas announces move into downstream fabrication with 2 contracts worth RMB73.8m

Midas announced that it has won two downstream fabrication contracts worth RMB73.8m (RMB23m for

extrusion profiles and RMB50.8m for processing fees) to supply specialised fabricated aluminium extrusion

profiles for train car bodies and curved surface profiles for driver's cabins for the CHR3 project.

The contracts were awarded by Tangshan Railway Vehicles and is scheduled for delivery from 2H09 to 2011.

This represents Midas' first contract win in the downstream fabrication business, which the company

has been trying to gain certification for.

Midas could win more downstream fabrication contracts from its existing customers (railcar companies)

and new customers (new products) as it continues to expand its fabrication capacity and capabilities.

This could lead to both revenue and margin expansion, as downstream fabrication typically has higher margins.

Currently, we have not factored in any contributions from its downstreamfabrication business.

As the contract win is rather small (RMB74m compared to current order book of RMB1.3bn), we maintain our

estimates for now.

We are planning a visit to Midas' plant in Jilin later this month, which will include visiting both the upcoming

third aluminium extrusion line as well as its fabrication facilities (to assess the revenue potential) following which,

we may review our numbers if we believe Midas can win substantially more contracts in the downstream fabrication business.

Maintain BUY, TP S$0.93, based on 15x FY10 earnings.

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From DBSV:

Midas announces move into downstream fabrication with 2 contracts worth RMB73.8m

Midas announced that it has won two downstream fabrication contracts worth RMB73.8m (RMB23m for

extrusion profiles and RMB50.8m for processing fees) to supply specialised fabricated aluminium extrusion

profiles for train car bodies and curved surface profiles for driver's cabins for the CHR3 project.

The contracts were awarded by Tangshan Railway Vehicles and is scheduled for delivery from 2H09 to 2011.

This represents Midas' first contract win in the downstream fabrication business, which the company

has been trying to gain certification for.

Midas could win more downstream fabrication contracts from its existing customers (railcar companies)

and new customers (new products) as it continues to expand its fabrication capacity and capabilities.

This could lead to both revenue and margin expansion, as downstream fabrication typically has higher margins.

Currently, we have not factored in any contributions from its downstreamfabrication business.

As the contract win is rather small (RMB74m compared to current order book of RMB1.3bn), we maintain our

estimates for now.

We are planning a visit to Midas' plant in Jilin later this month, which will include visiting both the upcoming

third aluminium extrusion line as well as its fabrication facilities (to assess the revenue potential) following which,

we may review our numbers if we believe Midas can win substantially more contracts in the downstream fabrication business.

Maintain BUY, TP S$0.93, based on 15x FY10 earnings.

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From Lim n Tan Securities:
China Sports
non-underwritten rights issue of up to 168.425mln
new shares on the basis of one rights for every 4
existing shares held at an issue price of 10 each, a
50% discount to its last traded price of 15 cents.
(Based on its last closing price, the theoretical ex rights
price is 14 cents) Mr Lin Shaoxiong, the
founder and CEO of the company who owns 33.55%
of the company has undertaken to subscribe to his

undertaking of 56.5mln right shares but will not be

applying for excess rights.has proposed a renounceable and

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Smiley Smiley Smiley did it toch 0.16??

Tomoro maybe or maybe not.

newtothis ( Date: 01-Jul-2009 13:22) Posted:

Gonna Touch 0.16 TODAY.

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Dyodd

newtothis ( Date: 01-Jul-2009 16:03) Posted:

These burger has greater potential as it has export market and also the OEM of puma.

These burger will Fly :) Better than lousy China Hongx in long term.

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Dyodd

newtothis ( Date: 01-Jul-2009 17:14) Posted:

Watch closely the real action is about to start :)

dealer0168 ( Date: 01-Jul-2009 17:13) Posted:

YES

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Dyodd

newtothis ( Date: 02-Jul-2009 00:02) Posted:

oh ty. Just my quick comparasion of the 2 stocks. Because I think a lot of people have no idea whos the better sports company. Its true China Hongx is huge and more popular now, but look at the way it run its business. how many times bigger than Sports and yet make so little money ? I dont want to tell you where the money goes. But I am telling you they have some serious internal problems.

I am a very busy man therefore i always just say simple line "up or down". But every call I made, definitely been carefully analysed. We only buy in the good counters and Short on the bad counters.

1) With right tools and information on hands smart trader can achieved 80% right calls. (Nothing is 100%, eg. because u never know when an earthquake gonna strike)

2) With right tools and information on hands average trader can only achieved 50% right calls. As he is cant link up the information on hands, and interpreted wrongly half of the time.

3) Market Followers, listen to speculations and ended up caughting into a trap by BB. As you enter they leave the market. Sometime you win but in fact you will lose most of the time. Its better to do your own homework rather than listen to speculations. Only follow those that have potentials.

4) This is the worst, People tell you dont buy and you still buy "even with information given" . That is one stubborn "idiot" trader.

Ahh have to go. Have to end here ciao.

pilotfish ( Date: 01-Jul-2009 22:59) Posted:

Hi Newtothis,

Appreciated u give the fact and figure comparing 2 securities of the same sector. This was what I have mentioned before but not in that detail.

Hi Bintang

I don’t agree .

I recalled that candle stick was developed by the Japanese during early trade. It was mainly used for day to day trade. Though, useful to analyse the market sentiment but to certain extend. It doesn’t take care of the contra players.

Today, Sport ended with a hammer, a sign of a bullish reversal. Look at the sign of 23^rd of June. How much it is going to hammer out the price when depend on market sentiment.

Not an inducement to trade...

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Dyodd

newtothis ( Date: 02-Jul-2009 00:11) Posted:

go check out my post in China Sports. Its gonna be the star :)

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freeme,

My chart analysis annotations did not say tat it will definitely go up tomoro.

My chart annotations states tat if tomoro is a white candle n open higher, based on candlestick TA books, it is a "Morning doji star" which is suppose to be bullish reversal pattern.

freeme ( Date: 01-Jul-2009 23:50) Posted:

i got an opposite view from your TA, I tink it will continue to consolidate or even move down some more.

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Your posting obviously shows u are not a TA practitioner.

01101749 ( Date: 01-Jul-2009 20:48) Posted:

richtan, stop promoting this stock. u seem desperate. u park all your money inside is it?

all my friends are laughing at your posting. learn to forget about his stock. when the time is right this stock will move up or down.

never diversify is it? people never learn.

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Whether I m promoting or sharing, let all fellow forumers be the judge. Smiley

01101749 ( Date: 01-Jul-2009 20:48) Posted:

richtan, stop promoting this stock. u seem desperate. u park all your money inside is it?

all my friends are laughing at your posting. learn to forget about his stock. when the time is right this stock will move up or down.

never diversify is it? people never learn.

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I fully agree with you.

China will soon be the mkt leader, frankly. do u follow a begger or a King, logically.

They are now the world's richest country n "money talks", just see the exceptionally excellent treatment their leaders get from all the world's leaders.

Gradually, they will be the world's biggest consumers with the younger generation tat never experience hardship, with their new-found wealth, dun know wat is thrift, history keeps evolving, wealth n poverty goes in cycle, US from wealthy to poor now but will learn from hardship, to be thrifty again while China from poor to wealthy n the younger generation tat never experience hardship, with their new-found wealth, willing to spend , stimulate the whole world economy.

It is a matter of time n now could be tat time, S chips will roar again after all this corporate governance issue is tightened.

dealer0168 ( Date: 01-Jul-2009 22:42) Posted:

Hi Richtan, emm how u view on this new. Smiley

To be frank, the market will belong to China soon as after all they are the Giant.

Their recovery are faster than the rest of the country. I also believe S Chip will revive. But have to pick correctly........(this statement fr newtothis i agreed).

richtan ( Date: 01-Jul-2009 22:07) Posted:

China Manufacturing Expands a Fourth Month, PMI Shows (Update1)

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By Bloomberg News

July 1 (Bloomberg) -- China’s manufacturing expanded for a fourth month as a 4 trillion yuan ($585 billion) stimulus plan and record bank lending revive the world’s third-largest economy.

The official Purchasing Managers’ Index rose to a seasonally adjusted 53.2 in June from 53.1 in May, the Federation of Logistics and Purchasing said today in Beijing in an e-mailed statement. A reading above 50 indicates an expansion.

The Shanghai Composite Index rose above 3000 points for the first time in a year, copper gained and the yen fell as the report added to signs that the global economy may be over the worst of its slump. China’s economy may keep improving in the third and fourth quarters, enabling the nation to meet its 8 percent economic growth target for this year, central bank Governor Zhou Xiaochuan said this week.

“China’s recovery is gathering further momentum,” said Lu Ting, an economist with Bank of America Merrill Lynch in Hong Kong. “It has been recovering faster than the market had expected.”

Another PMI, released today by CLSA Asia-Pacific Markets, also showed an expansion.

Copper for delivery in three months rose 2.2 percent on the London Metal Exchange as of 11:15 a.m. in London. Shanghai’s benchmark stock index closed 1.7 percent higher at 3,008.15. Yuan forwards rose for a second day.

U-Shaped Recovery

China’s recovery will be U-shaped, with export growth returning to “normal” by the end of this year or early 2010, central bank adviser Fan Gang said at a forum in Beijing today. The nation is the world’s second-biggest exporter.

The economy will revive “faster or earlier” than elsewhere because China limited asset bubbles, including in housing, Fan said.

An export-order index rose to 51.4 in June from 50.1 in May, expanding for a second month, the government-backed PMI showed. A measure of new orders fell to 55.5 from 56.2.

“Fiscal stimulus projects are gathering steam and everything is going according to plan,” said Sherman Chan, an economist with Moody’s Economy.com in Sydney. “The pickup in export orders is the most encouraging sign for an economy that’s been very externally dependent.”

Output and employment indexes climbed, the survey showed. Input prices jumped as raw-material costs rose.

Growth is likely to continue to improve in June, Zhang Liqun, an economist at the State Council Development and Research Center, said in the statement, describing the economy as in a “preliminary” recovery.

Stimulus, Lending

The outlook for China contrasts with that of Japan, where sentiment among large manufacturers rose less than economists estimated in June, signaling the economy may be slow to recover from its deepest postwar recession. An index of confidence climbed to minus 48 from a record minus 58 in March, the Bank of Japan’s Tankan survey showed today in Tokyo.

In China, the stimulus plan and new loans of 5.84 trillion yuan in the first five months, almost triple lending a year earlier, are driving growth.

“China’s stimulus program is having a demonstrable effect on domestic spending, which has resulted in increased manufacturing activity,” said Jing Ulrich, Hong Kong-based chairwoman of China equities at JPMorgan Chase & Co.

Bank of America Merrill Lynch and JPMorgan raised this week their forecasts for second-quarter economic growth. The former expects 7.6 percent, compared with 7.2 percent previously. JPMorgan increased its forecast to 6.9 percent from 6 percent.

Copper, Steel

Prices of copper, used for autos and construction, have climbed more than 60 percent this year as Chinese buyers boost imports to records to replenish stockpiles.

Higher coking coal prices are adding to evidence that demand for steel is recovering. Fushan International Energy Group Ltd., a producer of steelmaking coal, said last month that it raised prices for the first time since January.

China’s lending boom sparked a 32.9 percent surge in urban fixed-asset investment in the first five months, the fastest growth in five years. New loans in June may exceed 1 trillion yuan, triple lending in the same month a year earlier, China Business News reported June 30.

To contact the reporter on this story: Kevin Hamlin in Beijing on khamlin@bloomberg.net

Last Updated: July 1, 2009 06:41 EDT

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Yes, it is a place to temporarily store bullets to be drawn out when need to use or invest or trade but definitely not for building wealth, the miserable interest eroded by inflation.

poboxfor ( Date: 01-Jul-2009 22:58) Posted:

Oh this is where I store my bullets. Need liquidity impromptu. Or did I store my bullets wrongly?

richtan ( Date: 01-Jul-2009 21:54) Posted:

Alemak, these are peanuts or titbits, invest in equities many times tat returns (net returns), but of course can't anyhow hantam lah, otherwise eyes n pockets also blue-black

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Whether u want to buy tomoro or later or wait for possibilty of pullbacks, there is no fixed answer, u need to decide yourself.

If u buy now, can u stomach the corrections, prepared to set stop-losses, depending on wat is your threshold of pain or u can ride thru the corrections for the mid to long term as an investor or go in, get out as a trader.

maseratiq ( Date: 01-Jul-2009 18:58) Posted:

Hi Rich Tan,

I've been rolling over Midas, with considerable success, but today sold only and never bought.

The reason is I'm worried that the news from the company will dry up.

However, I just saw from this Forum that Midas has won another 2 contracts (announced before lunch and I was not aware of it then - given that if I'd known, I'd have bought more today).

The question now is - why didn't Midas move in tandem with the good news?

Thanks for all your advise.

Btw, still vested at 60s.

x 0

x 1

Hi maseratiq,

If u had diligently follow n read this thread, u sholud have noticed tat I had made a posting quoting some broking houses mentioning tat Midas had more contracts coming.

U must look at the whole mkt in perspective, given tat the whole mkt had been correcting for the last 2 weeks, this is considered already exceptionally good for Midas.

See my chart commentaries:

maseratiq ( Date: 01-Jul-2009 18:58) Posted:

Hi Rich Tan,

I've been rolling over Midas, with considerable success, but today sold only and never bought.

The reason is I'm worried that the news from the company will dry up.

However, I just saw from this Forum that Midas has won another 2 contracts (announced before lunch and I was not aware of it then - given that if I'd known, I'd have bought more today).

The question now is - why didn't Midas move in tandem with the good news?

Thanks for all your advise.

Btw, still vested at 60s.

x 0

China Manufacturing Expands a Fourth Month, PMI Shows (Update1)

Share | Email | Print | A A A

By Bloomberg News

July 1 (Bloomberg) -- China’s manufacturing expanded for a fourth month as a 4 trillion yuan ($585 billion) stimulus plan and record bank lending revive the world’s third-largest economy.

The official Purchasing Managers’ Index rose to a seasonally adjusted 53.2 in June from 53.1 in May, the Federation of Logistics and Purchasing said today in Beijing in an e-mailed statement. A reading above 50 indicates an expansion.

The Shanghai Composite Index rose above 3000 points for the first time in a year, copper gained and the yen fell as the report added to signs that the global economy may be over the worst of its slump. China’s economy may keep improving in the third and fourth quarters, enabling the nation to meet its 8 percent economic growth target for this year, central bank Governor Zhou Xiaochuan said this week.

“China’s recovery is gathering further momentum,” said Lu Ting, an economist with Bank of America Merrill Lynch in Hong Kong. “It has been recovering faster than the market had expected.”

Another PMI, released today by CLSA Asia-Pacific Markets, also showed an expansion.

Copper for delivery in three months rose 2.2 percent on the London Metal Exchange as of 11:15 a.m. in London. Shanghai’s benchmark stock index closed 1.7 percent higher at 3,008.15. Yuan forwards rose for a second day.

U-Shaped Recovery

China’s recovery will be U-shaped, with export growth returning to “normal” by the end of this year or early 2010, central bank adviser Fan Gang said at a forum in Beijing today. The nation is the world’s second-biggest exporter.

The economy will revive “faster or earlier” than elsewhere because China limited asset bubbles, including in housing, Fan said.

An export-order index rose to 51.4 in June from 50.1 in May, expanding for a second month, the government-backed PMI showed. A measure of new orders fell to 55.5 from 56.2.

“Fiscal stimulus projects are gathering steam and everything is going according to plan,” said Sherman Chan, an economist with Moody’s Economy.com in Sydney. “The pickup in export orders is the most encouraging sign for an economy that’s been very externally dependent.”

Output and employment indexes climbed, the survey showed. Input prices jumped as raw-material costs rose.

Growth is likely to continue to improve in June, Zhang Liqun, an economist at the State Council Development and Research Center, said in the statement, describing the economy as in a “preliminary” recovery.

Stimulus, Lending

The outlook for China contrasts with that of Japan, where sentiment among large manufacturers rose less than economists estimated in June, signaling the economy may be slow to recover from its deepest postwar recession. An index of confidence climbed to minus 48 from a record minus 58 in March, the Bank of Japan’s Tankan survey showed today in Tokyo.

In China, the stimulus plan and new loans of 5.84 trillion yuan in the first five months, almost triple lending a year earlier, are driving growth.

“China’s stimulus program is having a demonstrable effect on domestic spending, which has resulted in increased manufacturing activity,” said Jing Ulrich, Hong Kong-based chairwoman of China equities at JPMorgan Chase & Co.

Bank of America Merrill Lynch and JPMorgan raised this week their forecasts for second-quarter economic growth. The former expects 7.6 percent, compared with 7.2 percent previously. JPMorgan increased its forecast to 6.9 percent from 6 percent.

Copper, Steel

Prices of copper, used for autos and construction, have climbed more than 60 percent this year as Chinese buyers boost imports to records to replenish stockpiles.

Higher coking coal prices are adding to evidence that demand for steel is recovering. Fushan International Energy Group Ltd., a producer of steelmaking coal, said last month that it raised prices for the first time since January.

China’s lending boom sparked a 32.9 percent surge in urban fixed-asset investment in the first five months, the fastest growth in five years. New loans in June may exceed 1 trillion yuan, triple lending in the same month a year earlier, China Business News reported June 30.

To contact the reporter on this story: Kevin Hamlin in Beijing on khamlin@bloomberg.net

Last Updated: July 1, 2009 06:41 EDT

newtothis ( Date: 01-Jul-2009 21:55) Posted:

Sigh. These guys dont understand economy and so why bother explaining to them? They are so ignorance so a child.

dealer0168 ( Date: 01-Jul-2009 21:53) Posted:

I thk this news maybe the reason why newtothis say this quarter is for S chip:

China Manufacturing Expands a Fourth Month, PMI Shows (Update1) China’s manufacturing expanded for a fourth month as a 4 trillion yuan ($585 billion) stimulus plan and record bank lending revive the world’s third-largest economy.

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Dyodd

newtothis ( Date: 01-Jul-2009 22:03) Posted:

I have already ask u guys to load S-Chip. But careful on selection. I would recommend 1 that you should buy and hold it.

Doing a quick summary of 3 stock that has huge Potential.

1) China Sports. With all good things happening at the right time. There no better time to buy it now when it is low.

2) China Energy. Fuel prices is racking up and the group FP is getting better. Worth buying.

3) Abterra. Eventually will turn out to be a resources giant. Worth Buying.

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U.S. Stocks Rise Following S&P 500’s Best Quarter Since 1998

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By Lynn Thomasson

July 1 (Bloomberg) -- U.S. stocks rose, extending gains from the best quarter for the Standard & Poor’s 500 Index since 1998, on speculation the worst of the recession may be over as manufacturing expanded in China.

Freeport-McMoRan Copper & Gold Inc., the largest publicly traded copper producer, added 3.8 percent on higher metal prices. Yum! Brands Inc., owner of the Taco Bell and KFC chains, advanced 3.5 percent after Goldman Sachs Group Inc. advised clients to buy the shares. Reports today may show U.S. manufacturing shrank in June at the slowest pace in 10 months and pending home resales steadied in May.

The S&P 500 climbed 0.5 percent to 924.06 at 9:34 a.m. in New York. The Dow Jones Industrial Average gained 52.3 points, or 0.6 percent, to 8,499.3. Five stocks advanced for each that fell on the New York Stock Exchange. European stocks rallied, while Asian shares declined.

“We’re pretty upbeat on the market,” David Katz, who oversees $1 billion as chief investment officer of New York- based Matrix Asset Advisors, said in a Bloomberg Radio interview. “We’re fairly comfortable with this coming earnings season and think companies are going to do OK.”

Analysts currently expect profits in the S&P 500 to decline 34 percent and 22 percent on average in the second and third quarters of the year, before rebounding 62 percent in the final three-month period, according to Bloomberg data.

Stocks gained even after data from ADP Employer Services showed companies in the U.S. cut 473,000 jobs in June, 79,000 more than economists forecast, adding to signs the labor market will be slow to improve even as other parts of the economy indicate the recession is abating.

Stalling Rally

Even though the S&P 500 gained 15 percent in the second quarter, the rally stalled in June amid concern share prices already reflect an economic recovery, leaving the index up less than 0.1 percent for the month. Investors are paying 14.6 times trailing 12-month profit for companies in the S&P 500, near the most-expensive level since October.

Drops of more than 20 percent in regional banks and homebuilders and the failure of transportation companies to erase their annual loss may be signs the rally in the S&P 500 is about to fizzle. Stocks retreated yesterday after consumer confidence unexpectedly slid and delinquencies on the least- risky mortgages more than doubled.

Freeport added 3.8 percent to $52 as copper and gold gained. China’s Purchasing Managers’ Index climbed to a seasonally adjusted 53.2 in June from 53.1 in May as a 4 trillion-yuan ($585 billion) stimulus plan and record bank lending revive the world’s third-largest economy.

Yum! Brands

Yum! Brands gained 3.5 percent to $34.50. Goldman Sachs raised its recommendation on the shares to “buy” from “neutral” on expectations improving business in China and the U.S. will help growth accelerate in the second half of 2009.

Oshkosh Corp. surged 30 percent to $18.85 after winning a $1.06 billion contract to build all-terrain trucks that would protect troops in Afghanistan from roadside bombs.

Amag Pharmaceuticals Inc. increased 6.3 percent to $58.11. U.S. regulators approved the company’s anemia drug ferumoxytol for adults with chronic kidney disease.

Myriad Genetics Inc. plunged 25 percent to $26.76. The maker of a widely used test for detecting inherited breast cancer said its molecular diagnostic sales were $330 million in fiscal 2009, missing its previous forecast, because of rising unemployment.

The Institute for Supply Management’s factory index probably rose to 45, the highest level since August, according to the median forecast of economists surveyed by Bloomberg News. Readings lower than 50 signal contraction. The figures are due at 10 a.m. Washington time.

Other reports may show pending home resales steadied in May after three consecutive gains and spending on construction projects dropped for the first time in three months.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net Last Updated: July 1, 2009 09:38 EDT