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Will we get the price at Sgd. 0.005 again?
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Particularly to PRC do not talk about number but percentage please!
tanglinboy ( Date: 02-Feb-2009 22:02) Posted:
| 20m Chinese rural migrants jobless |  |
by Marianne Barriaux
BEIJING, Feb 2, 2009 (AFP) - China said Monday about 20 million rural migrants could not find work because of the global economic crisis, as it admitted mass job lay-offs were heightening concerns about social unrest.
The figure marked a three-fold increase from numbers released by the government last month, indicating the slowdown in the world's third biggest economy was accelerating and thousands more factories had closed."Due to the economic downturn, about 20 million rural migrant workers have either lost their jobs or have not yet found employment and have gone home to the countryside," Chen Xiwen, a senior official, told reporters.
"After returning to their village, what do they do about revenue'? About their lives? This is a new factor impacting this year's social stability," said Chen, director of a leading central government committee on rural issues.
The revelation of millions more jobless came as Premier Wen Jiabao said China would take "extraordinary measures" to boost its economy beyond a 580-billion-dollar economic stimulus plan announced late last year.
"All these measures have to be taken pre-emptively before an economic retreat," Wen told the Financial Times in an interview published Monday.
China's communist leaders have long been concerned about the potential for social unrest among its roughly 800 million people who live in the nation's largely poor and polluted countryside.
Before the crisis hit last year, about 130 million had left their homes to seek work in the more prosperous cities, often finding employment in labour-intensive industries that supplied the world with cheap consumer goods.
But as the global crisis plunged China's traditional export markets in Europe and North America into recession, large numbers of workers have lost their jobs as their employers have closed or stopped production.
Chen indicated the problem could be even worse than the headline number of 20 million rural migrant workers without jobs, as an average of six to seven million rural dwellers left their homes to find jobs in cities every year.
With those people also likely to struggle to find work, Chen said "there will be fairly big pressure on employment for around 25 million rural residents".
"So... ensuring employment and people's livelihood is ensuring rural stability," he said.
The slowdown in the Chinese economy - which grew just nine percent in 2008 compared with 13 percent the previous year - has magnified a long-standing problem of a widening wealth divide between China's cities and countryside.
China's cabinet on Sunday released a document acknowledging this, as it warned 2009 would be the "toughest year" since the turn of the century for the development of the countryside, according to the official Xinhua news agency.
It said the top economic priority for the government this year was to give more support to rural areas.
"The foundation for securing steady and relative fast economic growth is based upon agriculture. The toughest work of securing and improving people's livelihoods stays with farmers," the cabinet said.
Partly to offset the growing problems in the countryside and stimulate rural economies, the cabinet announced 13-percent subsidies to all rural residents who bought televisions, fridges and a wide range of other home appliances.
Subsidies would also be extended to a wider range of crops, as well as to farmers buying energy-efficient machinery, and to rural students from poor families, according to Xinhua.
The government had already announced a range of other measures aimed at helping migrant workers unable to find jobs, including giving them vocational training and subsidies to set up their own businesses.
It has also said it would extend basic healthcare cover in the countryside to cover a large majority of the population by 2011. |
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Old song.
scotty ( Date: 02-Feb-2009 09:31) Posted:
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No traded share, and nothing done for several days. Why?
Hulumas ( Date: 21-Jan-2009 12:24) Posted:
| Aiyo. Aiyo.. yo, it is landed again to Sgd. 0.005 with merely one lot done! |
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Thank you, anyway "Buei Ta Han Liau". Keep dropping and do not know what price is the bottom?
ticklish8 ( Date: 30-Jan-2009 09:30) Posted:
You have to make your own decision and weigh the pros and cons.
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Do you suggest "CUT LOSS" and "BUY LATER" towards this counter?
ticklish8 ( Date: 30-Jan-2009 08:41) Posted:
Chartered Posts Biggest Loss in Almost Seven Years (Update1) plus retrench 600 staff.
(Adds investor comment in fourth paragraph.)
By Andrea Tan
Jan. 30 (Bloomberg) – Chartered Semiconductor Manufacturing Ltd., the world’s third-largest custom-chip maker, reported its biggest loss in almost seven years and will eliminate 600 workers amid a deepening global recession.
The fourth-quarter net loss was $114 million, or 46 cents per American depositary receipt, compared with a profit of $5.9 million, or 1 cent, a year earlier, the Singapore-based company said in a statement today. That missed the $81 million median loss estimate in a Bloomberg survey of five analysts. Sales slipped 0.3 percent to $351.7 million.
Chartered’s loss reflects the slump in electronics demand as clients including Microsoft Corp. cut costs and consumers curb spending amid the economic slowdown. The Singapore chipmaker, which has trimmed pay and fired workers to cope with falling orders, said losses this quarter will probably widen as demand shrinks further.
“Demand’s not coming back,” Stuart O’Gorman, who helps manage $800 million in technology shares at Henderson Global Investors Ltd. in Edinburgh, said before the earnings announcement. “Most of the chipmakers are going to go out of business and it’s a very long road.”
Chartered, which makes chips used to power Microsoft’s Xbox 360 game console, fell 4.1 percent to close at 23.5 Singapore cents yesterday. |
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It is a good idea. I think it will work!
lookcc ( Date: 27-Jan-2009 23:42) Posted:
| geitner/bernarke/omaha may buy all america's toxic debts n place them in fdic [which chief sheila term as aggregator bank]...... tat's when the credit crisis wud end n global lending immediately commences.
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Don't expect too much.... Ha. ha.. ha...
ekekeg ( Date: 23-Jan-2009 15:10) Posted:
With less than 2 hours of trading to go when we close for the Chinese New Year, it is apparent that there is no ang pow for players. Hopefully after the lunar new year we could see the ox charging.
I would be back in early Feb after my oversea holidays.
Gong Xi Fa Cai, to everyone! |
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Thank you and same to you all!
admin ( Date: 23-Jan-2009 09:03) Posted:
Dear Friends,
ShareJunction wishes all a Happy and Prosperous Chinese New Year!
Admin |
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One thing I can tell you.... you do not like China. Ha... ha...
louis_leecs ( Date: 22-Jan-2009 23:13) Posted:
| WALAO,,,,,,,,,,,,,,THE ECONONIC DATA SO BAD ,,,,,,,,,,,,,,,,,,,,,,,,,,,CHINA RELATE COUNTER LOOK LIKE TUMBLE,,,,,,,,,,,,,,,,,,,,,TOMOROW,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,I NEVER NEVER EXPECT THE CHINA ECONMIC HEADING SO DEEP,,,,,,,,,,,,,,,,,,,,,,,,IM SHOT AND SURPRISE,,,,,,,,,,,,,,,4 QUATER 6%,,,,,,,,,,,,,,,ONLY,,,,,,,,,,,,,,,,,,,,,,,,,,,I STILL DONT BELIEVE.................................................ANY ESPERT CAN TELL ME ???????????????? |
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Illiquid stock generally is an investment stock and not a traded stock. I am buying illiquid stocks too constituted in my stock portfolio.
trader88.sg ( Date: 22-Jan-2009 10:45) Posted:
Why do you want to buy stocks that are not liquid??
terencefok ( Date: 22-Jan-2009 09:51) Posted:
| Hi everyone, let's say I want to buy a particular stock, but unfortunately there are no sellers in the open market, can I buy off market? |
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One thing, I predict, favour bond period this time would not be longer than 2 years. Hope I am right.
VolatiltyTrader ( Date: 21-Jan-2009 23:27) Posted:
Hi,
One of the ways that I use to determine the trend of the equities market is by understanding where the funds are allocated to. In the past, when I managed funds, we need to allocate our funds between bonds and equities. Thus, by understanding where the professional places their funds can be useful for investment over the next 3 years.
I did an presentation in Nov 2008 to a group of traders. I used the relationship of 30yr Bonds and S&P 500 to demonstrate how we can see where the funds are. When the ratio is moving up, it means that investors are putting money in Bonds. When the ratio is down, investors favour equities. You can see from the chart below. During the period when the ratio is coming down, S&P 500 index is move up (the lower panel).
Please note that the above chart was presented in Nov 2008, whereby I cautioned that investors are moving into Bond. The ratio now is near the peak of 2003, whereby investors still favour Bonds. This information is useful for allocation with a view of 2-3 years.
Hope this helps :)
VT
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Good spirit.
louis_leecs ( Date: 21-Jan-2009 23:14) Posted:
AFTER LONG SUSPEND SOON CAN ALIVE AGAIN,,,,,,,,,,,,HOPE NEW SHAREHOLDER CAN GIVE TIS BABY GROUP STRONG AGAIN ,,,,,,,IM THE STRONG SUPPORTER OF TIS BABY,,,,,,,,,,,,,,,,,,,I ALSO WELLCOME INDONESIA INVESTOR COME BACK AGAIN,,,,,,,,,,,,,,,,,,,,,,CHEERS |
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Aiyo. Aiyo.. yo, it is landed again to Sgd. 0.005 with merely one lot done!
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How low can it go? Usd. 0.4?? I won't think so!!!
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Expected!
trader88.sg ( Date: 21-Jan-2009 12:08) Posted:
Business Times - 21 Jan 2009
Update: S'pore economy to shrink 2-5% in 2009
SINGAPORE
- Singapore slashed its economic growth forecast for 2009 for the
second time in just three weeks, predicting the economy will suffer its
first contraction in eight years as it grapples with a global economic
downturn.
Singapore expects its 2009 gross domestic product to
contract between two and five per cent, the government said on
Wednesday, three weeks after it cut its outlook to a range of minus 2
per cent to plus 1 percent from an initial forecast of minus 1 per cent
to plus 2 per cent issued in November
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We call it "controlled share".
crimson ( Date: 20-Jan-2009 16:48) Posted:
Can any old bird/expert able to explain why for this counter when ever enough buyer break over a certain buy price, there will be a exact amount of sell down for the waiting queue (dun know if you understand my question)... any explanation/in-sights much appreciated.
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I am afraid. Is not it too good to be true?
think_trader ( Date: 20-Jan-2009 06:05) Posted:
Dear investors,
Do you want to have the following profits?
- $370 Turning Into $7,300- In 2 Short Months
- $2,500 Turning Into $8,700 - In 45 Days
- $5,100 Turning Into $25,100 - In 30 Days
I Guarantee That The Video Below Will Change Everything You Have Heard, Seen Or Tried In Forex Automatic Robot Trading !
Please click here to see the video !
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Oh, will it turn around before I get the price at Sgd. 0.005?
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Buy KXD at Sgd. 0.005 and hold for two years. (caveat Emptor)
jeremyow ( Date: 18-Jan-2009 21:08) Posted:
| Wonder if there is anyone who has entered the stocks market for many years getting consistent reasonable returns and willing to share your stocks investment strategy here? I'm basically a long-term buy-and-hold investor who just entered the market less than a year and will like to hear from anyone who has already benefited consistently from your investing strategy so far and is willing to share with others. Thank you in advance. |
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