| Latest Forum Topics / Others |
 Post Reply
|
|
No more hopes for China QDII fund investing in STI
|
|||||
|
nono1975
Member |
10-Mar-2008 20:41
|
||||
|
x 0
x 0 Alert Admin |
do not under estimate China, they are 1 of the world huge reserve country. the current fall is due to west now. China might be next Bull after this bear is gone. |
||||
| Useful To Me Not Useful To Me | |||||
|
Arbitrager
Senior |
10-Mar-2008 10:54
|
||||
|
x 0
x 0 Alert Admin |
Avoid all S-shares.. they are still above fair valuation. more downside risk.. unlikely to bottom out within these few weeks... any rebound will be a good chance to take profit or cut loss. I may appear as an agressive bear here.. even some of my colleagues think so. but i do see the ominous disaster coming soon. be wary!! its just the start of the actual bear market. dun just look at the stock market. Look at the macro view of the global economy especially wat is happening in US, Euro and Japan... whether u like it or not.. they will affect our economy. and economic health of the country depict the mkt movement in stock market. invest at ur own risk. caveat emptor. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
evercare
Member |
10-Mar-2008 01:41
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
StarLine
Senior |
10-Mar-2008 00:21
|
||||
|
x 0
x 0 Alert Admin |
Well, for everyone's good, hope it comes earlier. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
virgoan
Member |
09-Mar-2008 22:41
|
||||
|
x 0
x 0 Alert Admin |
Elfinchilde Tks 4 ur insights n comment on the market. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
elfinchilde
Elite |
09-Mar-2008 21:48
|
||||
|
x 0
x 0 Alert Admin |
S stocks in spore: look at charts. Not time for buying yet; hasn't bottomed out. Besides, in a volatile market, it makes more sense to buy AFTER the bottoming (ie, on the turn up), than to risk trying to catch a falling knife. Case in point: yzj, yanlord. Ferrochina. Those who tried to average down yzj since it was 2.4+ will be crying now. It simply does not make sense to keep averaging down and hoping for a rebound. One does not play the market on hope. You play it on reality. M formation in place: longterm downtrend is confirmed. The rebound after will be to FA fair valuations. ie. 2-3x NAV. all the S stocks are above that, even now. Some are way above. caveat applies to all the above. Repeat same advice i've been saying since Jan: either go very long term, or very short term. Newbies looking to go long, may be wiser to stay out this coming week. What looks cheap today may very well seem expensive tomorrow. |
||||
| Useful To Me Not Useful To Me | |||||
|
Hulumas
Supreme |
09-Mar-2008 19:04
Yells: "INVEST but not TRADE please!" |
||||
|
x 0
x 0 Alert Admin |
Put it simple, global stock market is on a big swing of volatility, similarly to S-stocks in SGX, previously up and then down, what will be next?........ of course will be up with a strong unexpected sudden buying sentiment of incoming QDII funds, since S- stocks correction so far has placed all their price level to a justified overshooted low level! Just my thought!!! | ||||
| Useful To Me Not Useful To Me | |||||
|
elfinchilde
Elite |
08-Mar-2008 16:03
|
||||
|
x 0
x 0 Alert Admin |
oh ok. so that's why the tech picture was what it is, and the global BBs were consistently selling. i was puzzled as to the reason. just my interpretation based on technical facts: money flow has been out of s'pore. Earlier last year/this year, foreign funds poured in, mainly to the blues and especially the S plays, because they assumed the QDII funds would come in and rerate the stocks as growth stocks (ie, PE >50x is more than acceptable. which was what yzj, cosco etc were trading at). but now with the delay, it means an FA fair value rerating back to normal fundamental values: ie, max 2x PE ratio. which would explain the massive selling by foreign funds of STI stocks. coupled with the US instability....eldar, would advise caution. China's SWF has to say what they are saying to avoid a massive panic in HSI and the region. Note the wording: "doesn't rule out". It is actually non commital. it also doesn't say "doesn't rule IN". ie, a delay of QDII is likely. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
novena_33
Veteran |
08-Mar-2008 13:49
|
||||
|
x 0
x 0 Alert Admin |
i sure they will not tell u when they buy.....but after they buy...then they will tell u  .....they are just like us only want to buy cheap thing....
..... in long run all blue chip counter will go up...... 
|
||||
| Useful To Me Not Useful To Me | |||||
|
Arbitrager
Senior |
08-Mar-2008 13:36
|
||||
|
x 0
x 0 Alert Admin |
Hey, no prob. that's wat forum is for.. sharing of information.. so that we can have more informed decision.. thankys eldar!! | ||||
| Useful To Me Not Useful To Me | |||||
|
Eldarchen
Member |
08-Mar-2008 13:25
|
||||
|
x 0
x 0 Alert Admin |
Hi Bud, hope u don't mind, just offering 2 sides to a coin Business Times - 08 Mar 2008 China SWF denies halt in overseas investments CIC chief risk officer says he was misinterpreted; fund to go portfolio route (BEIJING) China Investment Corp, which manages the nation's US$200 billion sovereign wealth fund, has denied a Beijing Times report that it would temporarily halt overseas investments. The Beijing-based fund 'doesn't rule out' further overseas investments, chief risk officer Jesse Wang said in an interview yesterday. The newspaper report is 'completely false and a misinterpretation of my comments', he said. CIC will suspend investments such as its earlier purchases of stakes in Blackstone Group LP and Morgan Stanley as it shuns risk, the Chinese-language newspaper quoted Mr Wang as saying earlier yesterday. The fund spent more than US$8 billion buying stakes in Blackstone and Morgan Stanley last year. The Chinese wealth fund will primarily make 'portfolio' investments abroad through external fund managers hired to oversee part of its assets, rather than direct stake purchases, Mr Wang said in the interview. CIC is recruiting global fund houses to help manage its equity and fixed-income investments overseas. Mr Wang also questioned whether the International Monetary Fund's efforts to draft a code of conduct for sovereign funds would serve a useful purpose. CIC has exchanged views with the IMF on the matter, though it will wait for the code's final version before taking a stance, Mr Wang said. 'Will the code of conduct contribute anything meaningful? It's intended to increase market openness, but global sovereign funds have already been a very stable market force for several decades.' - Bloomberg Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved. |
||||
| Useful To Me Not Useful To Me | |||||
|
jackjames
Elite |
08-Mar-2008 12:45
|
||||
|
x 0
x 0 Alert Admin |
no worries brother, they said things according to market sentiments, now they say don't come, market crash, next day, they said, i am coming, and collect cheap... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Arbitrager
Senior |
08-Mar-2008 12:42
|
||||
|
x 0
x 0 Alert Admin |
China Investment Corp suspends investments in overseas financial cos - reportBEIJING (XFN-ASIA) - Sovereign wealth fund China Investment Corp will suspend investments in overseas financial companies due to high investment risk, the Beijing Times reported, citing Wang Jianxi, a CIC executive vice-president. 'As sovereign wealth funds have low risk tolerance, investment in overseas financial assets, such as Blackstone and Morgan Stanley, will be suspended,' Wang said, referring to two companies CIC has invested in. He said the CIC had invested less than half of the money it planned to invest abroad. After all planned investments are made, the ratio of high-risk financial assets will be diluted, accounting for a small portion of overall investment. The CIC paid 3 bln usd for a 10 pct stake in the Blackstone Group in May ahead of the private equity group's initial public offering at 29.605 usd per share. Those shares, which are still locked up, closed at 15.05 usd yesterday. He said the CIC does not pay much attention to short-term price fluctuations as the company has made a long-term financial investment into Blackstone and Morgan Stanley. 'We can make a gain not only from the stock price. And we can also achieve investment gains from dividends,' he noted. Wang said that CIC may extend its investment horizon in Blackstone to 5-7 years from the minimum four years if investment returns from the private equity firm are good. In addition, he added that CIC is not concerned about the problem of interest payments. The fund has started to pay interest on bonds issued by the Ministry of Finance to fund its start-up. zachary.wei@xfn.com - xfnzw/xfntm |
||||
| Useful To Me Not Useful To Me | |||||
