ShareJunction - Member Posts

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Hehe must drink with care. May got drunk n fall badly loh.......

This one may become a toxic milk if China Milk can't take care of their debts well.

des_khor ( Date: 25-Jan-2010 22:30) Posted:

Tmr got free flow of human milk....

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Ooo miss out 3 words:

Own debts and can't pay is not play play matter. May cause its investor to lost everything.........

dealer0168 ( Date: 25-Jan-2010 22:28) Posted:

Maybe no one notice this news. N also depend on where ppl read their news from.

Know now is better than don't know at all. Jus have to becareful.

Fortunately i offload mine a day b4 US major drop starts...............................

Own debts is not play play matter. May cause its investor to lost everything.........

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Maybe no one notice this news. N also depend on where ppl read their news from.

Know now is better than don't know at all. Jus have to becareful.

Fortunately i offload mine a day b4 US major drop starts...............................

Own debts is not play play matter. May cause its investor to lost everything.........

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Bc it fall under commodities sector....

Noble drop badly also.

amylqf ( Date: 25-Jan-2010 21:39) Posted:

Does this downtrend really due to recent news from U.S. and China?

I saw other stocks didn't drop that much today, some are even stabilized.

not sure why this blue chip stock keep on falling down.....

pumper ( Date: 25-Jan-2010 18:56) Posted:

Olam announcing 2nd Qtr result on 11 Feb 10..expects it to be good as food prices is still rising. Hopefully its stock price will increase then.

therefore now its a good time to collect! Smiley

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Becareful.....read below:

Six Singapore-listed China firms can’t repay debt, SCMP says

Written by Bloomberg

Monday, 25 January 2010 14:33

Six of the 11 Chinese companies listed in Singapore that sold convertible bonds between 2005 and 2008 have said they are unable to repay debts, the South China Morning Post reported, citing an investor association official.

The Securities Investors Association of Singapore asked the Chinese government to discipline the companies since Singapore doesn’t have the authority to do so, Chairman David Gerald said, according to the Hong Kong-based newspaper. The association represents 4,000 small shareholders, the report said.

Steel group Delong Holdings and developer Sunshine Holdings have reorganised their finances, while the other four companies are negotiating with creditors, the report said.

Delong said in September that it planned to restructure about 1.5 billion yuan ($308 million) of convertible bonds due in 2012 and Sunshine Holdings said in the same month that it reached a settlement agreement on US$120 million ($168 million) of loans.

Delong Holdings Chairman Ding Liguo didn’t return calls from Bloomberg News seeking comment today while Foo Soon Soo, joint secretary for Sunshine Holdings, declined to comment.

China Printing & Dyeing Holdings, China Milk Products Group, Sino-Environment Technology Group and FerroChina are the other companies named by the SCMP.

China Printing said Oct 26 it was in restructuring talks with a potential investor, then said Jan. 21 that the Singapore Exchange ordered it to delist by Feb 12. China Milk said on Jan 5 that it wouldn’t be able to meet a repayment deadline for convertible bonds due in 2012 because it was awaiting approval from China’s State Administration of Foreign Exchange.

Sino-Environment, a provider of waste-treatment services, said in July that it couldn’t pay interest on $149 million of convertible bonds and asked creditors for more time to review its finances. Steelmaker FerroChina said on Dec 17 that the Singapore bourse asked it to delist after saying in October 2008 that it was unable to repay 706 million yuan of loans amid the credit crisis.

Calls to the offices of China Milk, China Printing, Sino- Environment and FerroChina weren’t immediately answered.

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Growth Probably Accelerated as 2009 Ended: U.S. Economy Preview

By Timothy R. Homan

Jan. 24 (Bloomberg) -- The U.S. economy probably grew in the closing months of 2009 at the fastest pace in almost four years as factories stepped up production and companies purchased new equipment, economists said before reports this week.

Gross domestic product expanded at a 4.6 percent pace from October through December, more than double the prior quarter’s growth rate and the strongest since the first three months of 2006, according to the median estimate of 74 economists surveyed by Bloomberg News. Other reports may show orders for durable goods increased and home sales declined.

Manufacturers such as Intel Corp. are leading the recovery as growing demand and dwindling inventories prompt companies to speed up assembly lines. Slower consumer spending after the third-quarter’s “cash for clunkers” rebound is a reminder that 10 percent unemployment is causing Americans to hold back, one reason why the Federal Reserve may keep interest rates low.

“Inventories are going to be responsible for at least half of the growth, if not more,” said Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. in New York. “There’s been an enormous amount of government stimulus that will be fading as we go through the year, so it’s unclear how much the economy can do on its own.”

Fed policy makers will do their part to spur growth by keeping borrowing costs near zero after their two-day meeting this week, economists forecast in a Bloomberg survey. Central bankers, who meet Jan. 26-27, may reiterate their pledge to keep rates “exceptionally low” for “an extended period.”

Fed Forecast

The target rate for overnight lending among banks will stay in a range from zero to 0.25 percent through September before going up by half a point in the fourth quarter, according to the median forecast of economists surveyed earlier this month.

The Commerce Department’s first estimate of fourth-quarter GDP is due Jan. 29. The world’s largest economy grew at a 2.2 percent pace from July through September, the first gain in more than a year, after shrinking 3.8 percent in the 12 months to June. That marked the worst recession since the 1930s.

Stocks rallied last year on mounting signs the economic slump was ending. The Standard & Poor’s 500 Index climbed 65 percent in 2009 after reaching a 12-year low on March 9.

Additional gains in the first part of this month evaporated last week after President Barack Obama proposed limiting risk- taking at banks and as concern grew that China will have to do more to cool its economy.

Chip Demand

Intel, the world’s largest chipmaker, posted its biggest quarterly revenue in more than a year last quarter, a sign the computer industry has emerged from last year’s global recession.

“My expectation for 2010 is that we’re going to see robust unit growth,” Chief Financial Officer Stacy Smith said in an interview this month. “The consumer segments of the market will stay pretty strong, and I do believe we’re going to see a resurgence in PC client sales.”

Smaller declines in inventories contributed to growth for a second consecutive quarter as companies picked up the pace of orders, economists said. Stockpiles rose 0.4 percent in November, marking the first back-to-back increase in more than a year.

Consumer spending, which accounts for about 70 percent of the economy, probably increased at a 1.8 percent annual rate after rising at a 2.8 percent pace in the previous three months, the GDP report is also projected to show.

Third-quarter purchases received a boost from the government’s auto-incentive program that offered buyers discounts to trade in older cars and trucks for new, more fuel- efficient vehicles. The plan expired in August.

Business Investment

Orders for long-lasting goods probably rose 2 percent in December, economists project the Commerce Department will report Jan. 28. While companies are buying new equipment, they’re reluctant to hire workers.

Payrolls fell by 85,000 last month after a 4,000 gain in November that was the first increase in almost two years. The U.S. has lost 7.2 million since the start of the recession in December 2007, the most of any slowdown in the post-World War II era.

The jobless rate held at 10 percent in December, the Labor Department said on Jan. 8. A jump in the number of discouraged workers leaving the labor market kept the rate from rising.

Property values are showing signs of stabilizing. A report from S&P/Case-Shiller, due Jan. 26, may show home prices in 20 U.S. metropolitan areas declined 5 percent in the year ended in November, the smallest drop since September 2007, according to the survey median.

Existing home sales dropped 9.8 percent in December, the month after a government tax credit was originally due to expire, the survey showed ahead of a Jan. 25 report from the National Association of Realtors. Purchases decreased to a 5.9 million pace from 6.54 million the prior month.

New-home sales last month rose 4.2 percent to an annual pace of 370,000, according to the survey median before a Commerce Department report on Jan. 27.

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The limit proprietary trading activities of banks policy is only proposed by Obama.

Whether will go through or not, also depends. Anyway this thing may come to an end soon.

Dow won't keep dropping bc of that. N Current situation maybe will made a good correction situation fr stocks.

The major downturn that boyikao mentioned may come or not, also depends. If we can predict everything well, there will be many billionaire around. N even if this major downturn were to come, the time is not right yet. But now is the time to buy cautionly. Don't go fr speculative stock (haha, like what follow BB). Go for good FA stock that will have good earnings in coming qtrs results.

supremo ( Date: 23-Jan-2010 22:47) Posted:

DOW JONES lost "bigtime" for 3 consecutive days due to Banking and Financial sector triggered by President Obama’s proposal to limit proprietary trading activities of banks, and a Credit Tightening in China.

After all of this words, where is the DOW headed now?
An analysis of one guru of mine... Where the DOW Headed To?

dealer0168 ( Date: 23-Jan-2010 20:53) Posted:

Your comments sound interesting. But even if there is a such major downturn, now still not the time yet.

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Your comments sound interesting. But even if there is a such major downturn, now still not the time yet.

boyikao3 ( Date: 23-Jan-2010 11:52) Posted:

For those who hold, they will find the value of their holdings erased by more than 90% in the next 2 years ! The 200 over years Grand Supercycle Bear has just resumed its wave down, this time, IT IS THE LARGEST WAVE 3 DOWN ! Dun give bullish calls unless they are substantiated by very good reasons! Smiley

smartrader ( Date: 23-Jan-2010 10:43) Posted:

vicious cycles of stock market of blue chips...contra player will lose money..those who can hold will get back their money...

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Time to go fr good FA stock. Speculative stock that will not be getting good last qtr result may have to cash out first.

Which one? U guys should know.

Now not time to follow what BB. Go fr the right one loh.....

CHEERS.

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u have to study into their management n check if they are financially healthy ..n etc.

No easy way out in investing loh.

stevenk ( Date: 23-Jan-2010 18:05) Posted:

Hi, possible to advise why Yanlord FA is good?

dealer0168 ( Date: 23-Jan-2010 09:58) Posted:

Yarlord FA is good. If plunge, also got ppl to support.

Now the down effect is coming direct from US DOW instead. (same fr all stock)..........

Anyway that DOW things hope we can see a reversal next week on its trend.

BTW remember to avoid: Commodities & Financials Stock

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Also hope Obama come out to give some positive statements as i say in earlier on post.

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Reappointment of Bernanke as Federal Reserve chairman may bring some confident back investor.

Hope that happen.............

dealer0168 ( Date: 23-Jan-2010 10:47) Posted:

Dow plunges more than 200 points for second straight day
Posted: 23 January 2010 0617 hrs

Photos 1 of 1

Traders on the floor of the New York Stock Exchange

NEW YORK - US stocks tumbled for a second straight day on Friday as markets were roiled by US President Barack Obama's bank revamp plans and doubts on Federal Reserve chief Ben Bernanke's renomination.

The Dow Jones Industrial Average slumped 216.90 points (2.09 percent) to 10,172.98, posting its third straight session of triple digit losses and its biggest weekly drop since February 2009.

The Nasdaq composite tumbled 60.41 points (2.67 percent) to 2,205.29 and the Standard & Poor's 500 index dropped 24.72 points (2.21 percent) to 1,091.76.

Investors sold ahead of the weekend as the financial sector vociferously opposed Obama's plans unveiled Thursday to limit the size and scope of US banks and finance firms in a new offensive against Wall Street excesses.

The measures would effectively force financial firms to choose between lucrative proprietary activities -- trading in stocks and sometimes risky financial instruments for their own benefit -- and traditional activities, like making loans and collecting deposits.

Analysts said the stock selloff over the last two days underscored market concerns.

"The president might be on the right warpath to soothe the American public, yet the market is telling him to be careful about using regulatory weapons of mass destruction," said Patrick O'Hare of Briefing.com.

"What we see in front of us is a market that doesn't like the idea of excessive regulation since excessive regulation curtails earnings potential," he said.

Also Friday, doubts grew over Bernanke's renomination as key Democrats voiced opposition, prompting a renewed expression of support from the White House.

"If he is not reappointed I think the markets would have a fit. Already we have seen that in the markets...what has happened in the last couple of hours is related to the events around Bernanke," said Nariman Behravesh, chief economist at IHS Global Insight.

Two members of Obama's party announced they would vote against Bernanke, underscoring a shift in the political landscape after the loss of a seat in Massachusetts that ended the Senate supermajority for the party.

Obama believes the Senate will confirm Bernanke, a White House spokesman told reporters traveling with the president en route to Ohio.

Beijing's moves to clamp down on lending to cool an overheating Chinese economy also dragged down the market amid concerns over possible easing of the the global economic recovery from recession.

"Frankly, we see China tightening as the biggest factor at work this week.

Its actions are highlighting for market participants that the easy money that fueled the 2009 rebound is going to be less easy to get in 2010," O'Hare said.

"Naturally, this has to take some wind out of risk trades."

Banking stocks extended their losses. Bank of America fell 3.68 percent to 14.90 dollars, Morgan Stanley by 5.25 percent to 27.80 dollars, JP Morgan Chase by 3.40 percent to 39.16 dollars and Goldman Sachs by 4.20 percent to 154.12 dollars.

General Electric rose 0.56 percent to 16.11 dollars after notching a stronger-than-expected net profit of 3.0 billion dollars in the fourth quarter, down 19 percent from a year earlier.

Fast-food chain McDonald's rose 0.30 percent to 63.39 dollars after its net profit jumped 23 percent in the fourth quarter to 1.216 billion dollars.

Internet giant Google fell 5.66 percent to 550.01 dollars despite a quarterly profit that surpassed expectations of most Wall Street analysts.

The bond market was mixed. The yield on the 10-year Treasury bond fell to 3.598 percent from 3.611 percent Thursday and that on the 30-year bond rose to 4.510 percent from 4.506 percent.

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Dow plunges more than 200 points for second straight day
Posted: 23 January 2010 0617 hrs

Photos 1 of 1

Traders on the floor of the New York Stock Exchange

NEW YORK - US stocks tumbled for a second straight day on Friday as markets were roiled by US President Barack Obama's bank revamp plans and doubts on Federal Reserve chief Ben Bernanke's renomination.

The Dow Jones Industrial Average slumped 216.90 points (2.09 percent) to 10,172.98, posting its third straight session of triple digit losses and its biggest weekly drop since February 2009.

The Nasdaq composite tumbled 60.41 points (2.67 percent) to 2,205.29 and the Standard & Poor's 500 index dropped 24.72 points (2.21 percent) to 1,091.76.

Investors sold ahead of the weekend as the financial sector vociferously opposed Obama's plans unveiled Thursday to limit the size and scope of US banks and finance firms in a new offensive against Wall Street excesses.

The measures would effectively force financial firms to choose between lucrative proprietary activities -- trading in stocks and sometimes risky financial instruments for their own benefit -- and traditional activities, like making loans and collecting deposits.

Analysts said the stock selloff over the last two days underscored market concerns.

"The president might be on the right warpath to soothe the American public, yet the market is telling him to be careful about using regulatory weapons of mass destruction," said Patrick O'Hare of Briefing.com.

"What we see in front of us is a market that doesn't like the idea of excessive regulation since excessive regulation curtails earnings potential," he said.

Also Friday, doubts grew over Bernanke's renomination as key Democrats voiced opposition, prompting a renewed expression of support from the White House.

"If he is not reappointed I think the markets would have a fit. Already we have seen that in the markets...what has happened in the last couple of hours is related to the events around Bernanke," said Nariman Behravesh, chief economist at IHS Global Insight.

Two members of Obama's party announced they would vote against Bernanke, underscoring a shift in the political landscape after the loss of a seat in Massachusetts that ended the Senate supermajority for the party.

Obama believes the Senate will confirm Bernanke, a White House spokesman told reporters traveling with the president en route to Ohio.

Beijing's moves to clamp down on lending to cool an overheating Chinese economy also dragged down the market amid concerns over possible easing of the the global economic recovery from recession.

"Frankly, we see China tightening as the biggest factor at work this week.

Its actions are highlighting for market participants that the easy money that fueled the 2009 rebound is going to be less easy to get in 2010," O'Hare said.

"Naturally, this has to take some wind out of risk trades."

Banking stocks extended their losses. Bank of America fell 3.68 percent to 14.90 dollars, Morgan Stanley by 5.25 percent to 27.80 dollars, JP Morgan Chase by 3.40 percent to 39.16 dollars and Goldman Sachs by 4.20 percent to 154.12 dollars.

General Electric rose 0.56 percent to 16.11 dollars after notching a stronger-than-expected net profit of 3.0 billion dollars in the fourth quarter, down 19 percent from a year earlier.

Fast-food chain McDonald's rose 0.30 percent to 63.39 dollars after its net profit jumped 23 percent in the fourth quarter to 1.216 billion dollars.

Internet giant Google fell 5.66 percent to 550.01 dollars despite a quarterly profit that surpassed expectations of most Wall Street analysts.

The bond market was mixed. The yield on the 10-year Treasury bond fell to 3.598 percent from 3.611 percent Thursday and that on the 30-year bond rose to 4.510 percent from 4.506 percent.

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Ooo a typo error:

A good ~~tie~~ time to collect when suitable pricing arrived............

dealer0168 ( Date: 23-Jan-2010 10:40) Posted:

Will also have impact not them. But not as strong as the financial n commodity sector.

A good tie to collect when suitable pricing arrived............

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Will also have impact not them. But not as strong as the financial n commodity sector.

A good tie to collect when suitable pricing arrived............

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But if u want to short them (Commodities, Financials ) , can.

As now shorters are targeting them.....

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Now Commodities & Financials stock must be avoided........

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Hope that the things. BTW obama, should come out to say something. He caused all this after he make some policy changes.

He need to put in statements that can make the stock invester feel positive back.

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Yarlord FA is good. If plunge, also got ppl to support.

Now the down effect is coming direct from US DOW instead. (same fr all stock)..........

Anyway that DOW things hope we can see a reversal next week on its trend.

BTW remember to avoid: Commodities & Financials Stock

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Stay Away' From Commodities, Financials