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Latest Forum Topics / Straits Times Index  Post Reply
STI and Shanghai Composite.
mirage
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16-Oct-2007 18:34     
 
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Quotes:

October 16, 2007, 5.39 pm (Singapore time)
Chinese shares hit fresh high


Chinese share prices closed 1.03 per cent up at a fresh high on Tuesday amid hopes for strong quarterly earnings in the banking sector after the bourse broke through a critical barrier, dealers said.

 

They said the gains came after the benchmark Shanghai index's topped the key 6,000 points level for the first time on Monday, with banks supported by a China Merchants Bank announcement that its profits would surge.

The Shenzhen-based bank forecast a net profit gain of more than 100 per cent in the first nine months to September, citing a sharp increase in income from lending and fee-based services.

The benchmark Shanghai Composite Index, which covers both A and B shares, closed the day up 61.97 points at record of 6,092.06, after hitting a new intraday level of 6,124.04.

Turnover, however, fell to 163.55 billion yuan (US$21.24 billion) from 193.47 billion yuan in the previous session.

Also lending support were remarks by Shang Fulin, chairman of the securities regulator, who said during the Communist Party Congress that China's stock market was now a barometer of the economy.

The Shanghai A-share Index rose 65.28 points or 1.03 per cent to 6,395.76 on turnover of 161.84 billion yuan and the Shenzhen A-share Index was up 16.68 points or 1.04 per cent at 1,618.82 on turnover of 63.10 billion yuan.
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mirage
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26-Sep-2007 09:47     
 
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China Construction Bank up 32% in Shanghai debut
By V. Phani Kumar
Last Update: 4:23 AM ET Sep 25, 2007
HONG KONG (MarketWatch) -- Shares of China Construction Bank made their debut in Shanghai, ending 32% above their initial-public-offering price on strong retail demand and despite broad weakness in the mainland markets.
CCB (CICHF:
china construction bank shs h
Last: 0.96-0.04-4.00%
8:13pm 09/25/2007
Delayed quote data
Sponsored by:
CICHF0.96, -0.04, -4.0%) (HK:939: news, chart, profile) , one of China's largest banks by assets, began trading at 8.55 yuan ($1.14), 34% higher than the IPO price of 6.45 yuan. The shares ended at 8.53 yuan. Nearly 2.15 billion shares changed hands in Shanghai. The Shanghai Composite fell 1.1% to 5,425.88.
Still, the stock's performance fell short of expectations among some market participants, who were expecting the shares to trade around 9.5 yuan on their debut.
"I am a bit disappointed. What is happening in the A-share market is that people are quite cautious and are concerned that [the government could introduce] policies to cool the share market," said Y.K. Chan, strategist at Phillip Capital Management in Hong Kong.
Chan was referring to several measures the Chinese authorities have introduced in recent weeks to control high liquidity flows and rising inflation.
The IPO gave CCB's Shanghai-listed A shares a premium of more than 20% over its Hong Kong listed shares, which closed at HK$7.10 (92 cents) Tuesday.
CCB had raised 58.05 billion yuan ($7.7 billion) via the IPO, making it the largest in China to date. According to reports, the IPO drew subscriptions valued at a record 2.26 trillion yuan, highlighting the strong underlying demand from mainland investors.
"Valuations are pretty stretched. ... But I think it is the best among the three largest banks in China, so I still prefer CCB to Industrial & Commercial Bank of China (HK:1398: news, chart, profile) and Bank of China (BACHF:
bank of china ltd shs
Last: 0.48-0.05-10.28%
5:21pm 09/25/2007
Delayed quote data
Sponsored by:
 
BACHF0.48, -0.05, -10.3%) (HK:3988: news, chart, profile) ," said Antony Cheng, banking analyst with Celestial Asia Securities Holdings' banking analyst in Hong Kong. End of Story
V. Phani Kumar is a reporter in MarketWatch's Hong Kong bureau.
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mirage
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26-Sep-2007 09:43     
 
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Asia/Pacific Last Trade Change Related Info
^AORD All Ordinaries Australia 6,496.100 9:39AM SGT Up 5.200 (0.08%) Components, More
^SSEC Shanghai Composite China 5,425.88 Sep 25 Down 59.133 (1.08%) Components, More
^HSI Hang Seng Hong Kong 26,382.08 Sep 25 Down 169.86 (0.64%) Components, More
^BSESN BSE 30 India 16,899.54 Sep 25 0.00 (0.00%) More
^JKSE Jakarta Composite Indonesia 2,330.363 Sep 25 0 (0.00%) Components, More
^KLSE KLSE Composite Malaysia 1,316.43 Sep 25 Down 0.81 (0.06%) Components, More
^N225 Nikkei 225 Japan 16,432.50 9:22AM SGT Up 30.77 (0.19%) More
^NZ50 NZX 50 New Zealand 4,265.811 9:21AM SGT Up 24.138 (0.57%) Components, More
^STI Straits Times Singapore 3,627.24 9:42AM SGT Up 2.42 (0.07%) Components, More
^KS11 Seoul Composite South Korea 1,919.26 Sep 21 Up 10.29 (0.54%) Components, More
^TWII Taiwan Weighted Taiwan 9,198.83 9:42AM SGT Up 93.55 (1.03%) More
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mirage
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05-Jul-2007 16:53     
 
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ShangHai is DOWN 200.293 pts (5.25%) to 3615.872.

 

Asia/Pacific Last Trade Change Related Info
^AORD All Ordinaries Australia 6,392.200 2:11PM SGT Up 59.600 (0.94%) Components, More
^SSEC Shanghai Composite China 3,615.872 3:00PM SGT Down 200.293 (5.25%) Components, More
^HSI Hang Seng Hong Kong 22,198.81 3:48PM SGT Down 19.74 (0.09%) Components, More
^BSESN BSE 30 India 14,817.05 4:48PM SGT Down 63.19 (0.42%) More
^JKSE Jakarta Composite Indonesia 2,209.488 4:48PM SGT Up 13.383 (0.61%) Components, More
^KLSE KLSE Composite Malaysia 1,373.14 Jul 3 Up 8.77 (0.64%) Components, More
^N225 Nikkei 225 Japan 18,221.48 3:00PM SGT Up 52.76 (0.29%) More
^NZ50 NZX 50 New Zealand 4,236.705 1:36PM SGT Down 3.555 (0.08%) Components, More
^STI Straits Times Singapore 3,556.26 4:48PM SGT Up 1.41 (0.04%) Components, More
^KS11 Seoul Composite South Korea 1,847.79 2:02PM SGT Up 9.38 (0.51%) Components, More
^TWII Taiwan Weighted Taiwan 9,148.78 1:46PM SGT Up 79.80 (0.88%) More
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cyjjerry85
Elite
27-Jun-2007 14:25     
 
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 Alert Admin 		when will it recover man....
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mirage
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27-Jun-2007 14:20     
 
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Thanks, guys, actually there are some counters that I have some profit, except that if I sell now, I make much less.

eg AllGreen it reach a high of 2.15 on Monday I didn't sell, Today it is down 0.13 to 0.198 after dropping for a few days, but I still have some profit if I sell now. I will still hold on till it bounce back to above 2.00. Target Price 2.10 by 31.7.2007.
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SavvyInvestor
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27-Jun-2007 14:17     
 
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 Alert Admin 		Banks are looking overpriced now, switching my focus to property and construction.
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Bigman
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27-Jun-2007 14:07     
 
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 Alert Admin 		Agree. Depend on the fundamental of the counters that you have vested. It is still not that bad to press the panic button. Good time to buy some cheap counters to earn some coffee $$$
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Centaur
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27-Jun-2007 13:44     
 
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 Alert Admin 		More like a cause of concern for those buying ETFs...
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rayphua
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27-Jun-2007 13:42     
 
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 Alert Admin 		Mirage, it really depends on what your entry price is, which counter, your investment strategy, portfolio, etc.  Without this, it is impossible to say.
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mirage
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27-Jun-2007 13:39     
 
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Market looks BAD, at mid-day STI is down 30.94 pts to 3,494.16. This looks like a major correction. Hi investors, is it too late to sell and cut loss?? Any views?? Nikkei, Hang Seng and New Zealand markets are all DOWN.

QUOTES:

 

Symbol Name Last Trade Change Related Info
^AORD All Ordinaries 6,235.900 1:32AM ET Down 101.400 (1.60%) Components, Chart, More
^SSEC Shanghai Composite 4,007.135 1:02AM ET Up 33.764 (0.85%) Chart, More
^HSI Hang Seng 21,636.16 12:32AM ET Down 167.41 (0.77%) Components, Chart, More
^BSESN BSE 30 14,450.24 1:32AM ET Down 50.84 (0.35%) Chart, More
^JKSE Jakarta Composite 2,117.5439 1:32AM ET Down 35.998 (1.67%) Components, Chart, More
^KLSE KLSE Composite 1,366.99 Jun 26 Down 10.14 (0.74%) Components, Chart, More
^N225 Nikkei 225 17,859.83 1:12AM ET Down 206.28 (1.14%) Chart, More
^NZ50 NZSE 50 4,203.269 12:57AM ET Down 48.760 (1.15%) Components, Chart, More
^STI Straits Times 3,494.16 12:29AM ET Down 30.94 (0.88%) Components, Chart, More
^KS11 Seoul Composite 1,735.27 1:32AM ET Down 14.28 (0.82%) Components, Chart, More
^TWII Taiwan Weighted 8,841.21 1:30AM ET Down 24.54 (0.28%)
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chewken
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25-Jun-2007 17:43     
 
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Hi Mirage,

Thanks for the information..What is your take on this? Does it indicate a healthy correction or is the reason because of the DOW was down more than 185 pts on Friday.

Do you think it is a good time to bargain hunt now or should we wait for further indication of the DOW or the China Market?

Thanks!
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mirage
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25-Jun-2007 17:26     
 
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QUOTES:



25 June 2007

Symbol 		Name Last Trade Change Related Info
^AORD All Ordinaries 6,358.600 2:11AM ET Down 50.700 (0.79%) Components, Chart, More
^SSEC Shanghai Composite 3,941.081 3:00AM ET Down 150.364 (3.68%) Chart, More
^HSI Hang Seng 21,822.35 4:17AM ET Down 177.56 (0.81%) Components, Chart, More
^BSESN BSE 30 14,455.08 5:17AM ET Down 12.28 (0.08%) Chart, More
^JKSE Jakarta Composite 2,152.2029 5:17AM ET Down 0.1182 (0.01%) Components, Chart, More
^KLSE KLSE Composite 1,391.57 Jun 22 Up 3.61 (0.26%) Components, Chart, More
^N225 Nikkei 225 18,087.48 3:00AM ET Down 101.15 (0.56%) Chart, More
^NZ50 NZSE 50 4,270.911 1:35AM ET Down 14.230 (0.33%) Components, Chart, More
^STI Straits Times 3,580.33 5:06AM ET Down 35.05 (0.97%) Components, Chart, More
^KS11 Seoul Composite 1,757.73 5:03AM ET Down 13.25 (0.75%) Components, Chart, More
^TWII Taiwan Weighted 8,939.19 1:46AM ET Up 126.28 (1.43%)
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rogue_trader
Master
22-Jun-2007 17:12     
 
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eastonbay, bo pian la.. who tell singapore no natural resources, and "import" foreign workers then unemployment rate will be high.. somemore now china cars geely ar, cherry ar oreadi making forays into singapore roads... so we r actualli transferring "wealth" to china people mah... they will get "fatter" n "fatter", dat y one sneeze can "generate" a lots of fats n saliva... hahahahaha.
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EastonBay
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22-Jun-2007 17:05     
 
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Before Shanghai becomes 'influential' that what it is now, I once heard a remiser friend commented that SGX has no backbone, in that, when DOW sneezes, ST Index catch a cold. Now worse, besides DOW, we also have to see what's happening in Shanghai. *sian*
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EastonBay
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22-Jun-2007 17:00     
 
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No need to worry about too many chinese stocks listing on SGX, in fact SGX is worrying that we won't get more Chinese company listing here (what an irony). There is talk in the market that the Chinese govt, in a bid to encourage local listing is going to make it difficult for China based company list overseas (i.e. outside China). Aspiring IPO companies must get approval from authority to list outside China bourses.

 

That's the reason SGX is now pursuing companies in Vietnam, etc to come and list on SGX.

 
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Centaur
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22-Jun-2007 16:23     
 
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also depends on their operations, if they are listed in sgx with core operations in China, then obviously they will be affected by china economy and Shanghai stock market. Worse still if they are in ST Index, then confirm kena. Come to think about it, wats the criteria to be in the ST Index? Market capitalisation, Blue chips, high volume? Not sure if the china counters can be part of ST Index? Mmmmmmm.......
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tanglinboy
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22-Jun-2007 16:15     
 
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 Alert Admin 		I think it depends lah.... if most of these companies list on SGX and on Shanghai together, then the markets will move in tandem. But if they only list on SGX, then maybe not.
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Centaur
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22-Jun-2007 16:09     
 
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 Alert Admin 		Problem is we got too many china related stocks listed here. Thats why shanghai kena, we also kena. Soon we will have so many china counters that sgx might as well be chinese subsidiary.. keke
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ghlau935
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22-Jun-2007 15:22     
 
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 Alert Admin 		Oh....ok thanks........
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