Latest Posts By Peter_Pan
- Supreme
About Peter_Pan
|
|
| 01-Jun-2013 23:13 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
 Go to Message
|
||||
 x 0
 x 0
|
Hope the opening is a lao sai opening on monday. | ||||
| Good Post Bad Post | |||||
| 01-Jun-2013 22:05 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||||
|
x 0
x 0
|
Next week retailers just jiak bah buay baos will do. | ||||
| Good Post Bad Post | |||||
| 01-Jun-2013 17:03 |
Midas
/
Midas
Go to Message
|
||||
|
x 0
x 0
|
Exciting times ahead for Midas as China pushes ahead for railway developments. | ||||
| Good Post Bad Post | |||||
| 01-Jun-2013 16:50 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||||
|
x 0
x 0
|
China’s Manufacturing Expansion Exceeds Analyst Estimates
June 1 (Bloomberg) -- China’s manufacturing unexpectedly accelerated in May, indicating a slowdown in economic growth in the first quarter may be stabilizing. The Purchasing Managers’ Index rose to 50.8 from 50.6 in April, the National Bureau of Statistics and China Federation of Logistics and Purchasing said in Beijing today. That was higher than all estimates in a Bloomberg News survey of 30 analysts and compares with the median projection of 50, which marks the dividing line between expansion and contraction. China May Manufacturing PMI at 50.8 Economists’ Est. 50.0 Today’s report may provide some comfort to policy makers after the preliminary reading of a private manufacturing survey released May 23 pointed to the first contraction in seven months. Premier Li Keqiang said this week that government measures to reform the economy will be accompanied by tapered-off levels of growth and warned last month new stimulus would create risks. “Given the mixed signals, I’d wait for the full set of activity data such as industrial production and electricity production to judge the momentum of the economy,” said Zhang Zhiwei, chief China economist at Nomura Holdings Inc. in Hong Kong. “The rise of the official PMI further reduces the chance for monetary policy easing.” The statistics bureau will release May industrial output, retail sales, and inflation data on June 9 along with fixed-asset investment for the first five months of the year. The customs administration will report May trade data on June 8. More Stable The federation and HSBC will also release non-manufacturing surveys for May next week, providing a fuller picture of an economy that’s becoming increasingly reliant on service industries for growth. Both showed slower expansion in April. President Xi Jinping said the fundamentals of the Chinese economy are “sound” and growth is on a “more stable footing,” according to the English-language transcript of a written interview he gave to Latin America media released by the official Xinhua News Agency last night. “We are more interested in the quality and efficiency of economic growth rather than the speed of growth only,” he said, noting that employment is stable and incomes are rising. Xi’s comments, made ahead of his visit to Trinidad and Tobago, Costa Rica and Mexico, offer further indication that the government is prepared to tolerate a slower pace of expansion after annual average growth of 10.5 percent in the past decade led to industrial overcapacity, rising financial risks and environmental degradation. New Risks China’s economy grew 7.8 percent in 2012, the slowest pace in 13 years and the government in March set a goal of 7.5 percent for this year. Last month, Premier Li warned that room for stimulus policies and government investment to meet its targets “is not big” and that such action would create “new problems and risks.” There will be no “incremental stimulus by the new government which understands the slowing potential growth and wishes to focus more on structural reforms,” Lu Ting, head of Greater China economics at Bank of America Corp. in Hong Kong, said in a note today. The preliminary reading of a Purchasing Managers’ Index released by HSBC Holdings Plc and Markit Economics fell to 49.6 in May from 50.4 in April. The drop, if confirmed by the final figure on June 3, will be the first reading below 50 since October. Stocks in China fell 0.7 percent yesterday on concern today’s report would also show a decline. The Shanghai Composite Index rose 0.5 percent for the week and has rebounded 5.8 percent from this year’s low on May 2. Positive Reaction “Markets’ fear of a further growth slowdown will be alleviated and we expect a positive market reaction” on June 3, Lu said. Analysts are paring forecasts for economic growth after expansion unexpectedly eased to 7.7 percent in the first quarter from a year earlier. The median estimate in a Bloomberg News survey conducted from May 16 to May 21 was for a pace of 7.8 percent in the second quarter, down from a projection of 8 percent in an April survey. The federation increased the number of companies in its manufacturing survey to 3,000 from 820 and reclassified the industries covered into 21 groups from 31 starting from January’s reading. The HSBC survey is based on responses from purchasing managers at more than 420 businesses, and is weighted toward smaller private companies. Different Focus Divergences in the two indexes are common given their different focus and coverage, said Wang Tao, chief China economist at UBS AG in Hong Kong. Previously released data show the federation’s PMI expanded at a faster pace in the first three months of 2012, while the HSBC gauge contracted over the same period. In its report today, the federation said a PMI gauge for smaller companies fell to 47.3 in May from 47.6 the previous month, a decline Wang said is consistent with the HSBC index. The increase in the main PMI reading was driven by faster growth in output, while a measure of new export orders showed a contraction for the fourth time in five months. The reading for new orders rose to 51.8 from 51.7. CSR Corp. China’s biggest train-maker by market value, signed contracts worth about 7.81 billion yuan ($1.27 billion), according to a statement posted to Shanghai’s stock exchange on May 27. The deals include supply agreements for locomotives, subway cars and hybrid buses, the company said. At the same time, a gauge of business activity expectations fell to the lowest level since January and an index of employment fell to 48.8, the 12th straight sub-50 reading. While the deteriorating employment situation may suggest weak growth, it could indicate increasing automation, a declining labor force due to the aging population and a rising percentage of migrant workers shifting to services, Bank of America’s Lu said. |
||||
| Good Post Bad Post | |||||
| 01-Jun-2013 16:22 |
Others
/
Any Stocks Also Can Discuss Forum
Go to Message
|
||||
|
x 0
x 0
|
Good if you have funds you want to invest in stocks.
|
||||
| Good Post Bad Post | |||||
| 01-Jun-2013 15:48 |
Others
/
Any Stocks Also Can Discuss Forum
Go to Message
|
||||
|
x 0
x 0
|
Next week is jiak bah buay bao week. Enjoy... | ||||
| Good Post Bad Post | |||||
| 01-Jun-2013 14:29 |
Others
/
Any Stocks Also Can Discuss Forum
Go to Message
|
||||
|
x 0
x 0
|
Some inflows of funds likely finding their way back into the Asian markets next week. | ||||
| Good Post Bad Post | |||||
| 01-Jun-2013 10:54 |
Others
/
Any Stocks Also Can Discuss Forum
Go to Message
|
||||
|
x 0
x 0
|
Early investors taking profits in high volume. New money will be coming in also. | ||||
| Good Post Bad Post | |||||
| 31-May-2013 19:32 |
Straits Times Index
/
STI to cross 3000 boosted by long-term investors
Go to Message
|
||||
|
x 0
x 0
|
Markets are still very strong, no worries. Trade carefully and you will be fine. We need some volatilities also. | ||||
| Good Post Bad Post | |||||
| 31-May-2013 15:09 |
Swiber
/
Swiber
Go to Message
|
||||
|
x 0
x 0
|
Nice move. | ||||
| Good Post Bad Post | |||||
| 31-May-2013 14:49 |
Midas
/
Midas
Go to Message
|
||||
|
x 0
x 0
|
China Railway plans to issue up to 20 billion yuan in bondsChina Railway Corp, established on March 14 with a registered capital of 1.04 trillion yuan, assumed the business operations of the Ministry of Railways after it was broken up. Friday, 31 May, 2013, 11:20am  China Railway Corp plans to use proceeds from a five year bond issue to build railways, buy rolling stock and for general working capital. Photo: Xinhua China Railway Corp, the new commercial arm of the former Ministry of Railways, plans to issue up to 20 billion yuan (HK$25.1 billion) of fixed-rate enterprise bonds in June, according to three sources familiar with the situation, IFR Asia reported on Friday. The deal, the debut enterprise bond offering from the newly created entity, has a planned tenor of 10 years, it said. According to the sources, the proposed transaction is expected to receive approval from the National Development and Reform Commission as early as early next month. The initial price guidance is from 25bp to 75bp, based on the one-year Shibor (Shanghai interbank offered rate), IFR Asia reported. The issuer has mandated Shenyin Wanguo Securities to be the top lead on the deal, while five other securities houses, namely CDB Securities, Guotai Junan Securities, China Securities, Essence Securities and Citic Securities will be joint leads. China Life Asset Management will be the finance adviser. Chengxin has rated both the deal and the issuer AAA. Proceeds will be used entirely to fund the company’s railway construction. Prior to the proposed offering, MoR has issued up to 638.7 billion yuan of enterprise bonds, of which 16.7 billion yuan has already been repaid. The annual interest on the outstanding bonds of 622 billion yuan is 28.97 billion yuan. On May 23, CRC just offered its debut five-year medium term notes of 20 billion yuan at 4.50 per cent. The former MoR ranks as one of the biggest issuers in China’s domestic bond market, with 764.1billion yuan outstanding. Earlier this month, China Railway said in a bond prospectus that it had posted an after-tax loss of 6.88 billion yuan (HK$8.7 billion) in the first quarter, compared with an after-tax profit of 196 million yuan for the whole of last year, according to its first bond prospectus. The state-owned firm said it planned to use proceeds from the five-year bonds to finance rail construction, purchase rolling stock and for general working capital. The company, established on March 14 with a registered capital of 1.04 trillion yuan, assumed the business operations of the Ministry of Railways after it was broken up. |
||||
| Good Post Bad Post | |||||
| 31-May-2013 03:12 |
Biosensors
/
Is Biosensors a good buy?
Go to Message
|
||||
|
x 0
x 0
|
Quite a number of buy calls from analysts. | ||||
| Good Post Bad Post | |||||
| 31-May-2013 03:06 |
Ezra
/
Ezra
Go to Message
|
||||
|
x 0
x 0
|
Putting these money into good use.
|
||||
| Good Post Bad Post | |||||
| 29-May-2013 20:51 |
Vard
/
Vard Holdings
Go to Message
|
||||
|
x 0
x 0
|
New contract wins?? | ||||
| Good Post Bad Post | |||||
| 29-May-2013 19:07 |
Vard
/
Vard Holdings
Go to Message
|
||||
|
x 0
x 0
|
Wah! Investors doing last minute grabbing? | ||||
| Good Post Bad Post | |||||
| 29-May-2013 19:03 |
Midas
/
Midas
Go to Message
|
||||
|
x 0
x 0
|
Expect more contract wins in coming weeks which will contribute positively to their coming quarters' earnings. | ||||
| Good Post Bad Post | |||||
| 29-May-2013 14:29 |
Vard
/
Vard Holdings
Go to Message
|
||||
|
x 0
x 0
|
Looks like reaching the first resistance soon....brace yourself for impact!
|
||||
| Good Post Bad Post | |||||
| 29-May-2013 13:44 |
Vard
/
Vard Holdings
Go to Message
|
||||
|
x 0
x 0
|
First resistance 1.155 | ||||
| Good Post Bad Post | |||||
| 29-May-2013 12:58 |
Midas
/
Midas
Go to Message
|
||||
|
x 0
x 0
|
 Enjoy your tom yam kung.. |
||||
| Good Post Bad Post | |||||
| 29-May-2013 11:14 |
Midas
/
Midas
Go to Message
|
||||
|
x 0
x 0
|
Tickets are selling fast leh. | ||||
| Good Post Bad Post | |||||
| First < Newer 2421-2440 of 4497 Older> Last |