logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Forex Investor Insights Investment News Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   1-6 of 6   Last  
Latest Forum Topics / HG Metal    Last:0.265    -0.005  Post Reply
$M of sharebuybck....still stuck at record low
tradehuathuat
Veteran
10-Sep-2012 21:52     
 
tradehuathuat About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin



DAILY SHARE BUY-BACK NOTICE

* Asterisks denote mandatory information
Name of Announcer * HG METAL MANUFACTURING LTD
Company Registration No. 198802660D
Announcement submitted on behalf of HG METAL MANUFACTURING LTD
Announcement is submitted with respect to * HG METAL MANUFACTURING LTD
Announcement is submitted by * Tan Swee Gek
Designation * Company Secretary
Date & Time of Broadcast 10-Sep-2012 18:29:59
Announcement No. 00100
> > ANNOUNCEMENT DETAILS
The details of the announcement start here ...
Name of Overseas Exchange where Company has Dual Listing (if applicable)
(A) Share Buy-Back Authority
I. Maximum number of shares authorised for purchase* 30,480,658
(B) Details of Purchases Made
I. Purchases made by way of market acquisition
  • Yes
    • If answer to the above question is Yes, please fill in the following :
    Singapore Exchange
    Overseas Exchange
    1 Date of Purchases 10-09-2012
    2a Total number of shares purchased 433,000
    2b Number of shares cancelled
    2c Number of shares held as treasury shares 433,000
    3a Price paid per share# or Currency : S$
    Amount : 0.083     		Currency : [Select Currency]
    Amount :
    3b Highest price per share# Currency : [Select Currency]
    Amount :     		Currency : [Select Currency]
    Amount :
    Lowest price per share# Currency : [Select Currency]
    Amount :     		Currency : [Select Currency]
    Amount :
    4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# Currency : S$
    Amount : 36,034.18     		Currency : [Select Currency]
    Amount :
    # Specify currency
    II. Purchases made by way of off-market acquisition on equal access scheme?
  • No
    • If answer to the above question is Yes, please fill in the following :
    Singapore Exchange
    Overseas Exchange
    1 Date of Purchases
    2a Total number of shares purchased
    2b Number of shares cancelled
    2c Number of shares held as treasury shares
    3 Price paid or payable per share# Currency : [Select Currency]
    Amount :     		Currency : [Select Currency]
    Amount :
    4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# Currency : [Select Currency]
    Amount :     		Currency : [Select Currency]
    Amount :
    # Specify currency
    (C) Cumulative Purchases
    By way of market acquisition
    By way of off-market acquisition on equal access scheme
    Total
    No.
    % 1
    No.
    %
    No.
    %
    Cumulative no. of shares purchased to-date 2
    14,637,000
    1.441
    14,637,000
    1.441
    1 Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution
    2 From the date on which the share buy-back mandate is obtained
    (D) Number of issued shares excluding treasury shares after purchase * 1,077,884,962
    Number of treasury shares held after purchase* 14,637,000
    Footnotes
    The share buy-back mandate was obtained by the Company on the Extraordinary General Meeting held on 12 January 2012. As at the date of the abovementioned Extraordinary General Meeting, the Company has a total number of 1,016,021,962 shares in issue. The Company will hold the shares brought under the share buy-back mandate as treasury shares.
    displayAttachments_LN::

    displayAttachmentsLength_LN::
    Attachments
    Total size = 0
    (2048K size limit recommended)




     Useful To Me  Not Useful To Me
    tradehuathuat
    Veteran
    		10-Sep-2012 13:24     
     
    tradehuathuat About Contact  Quote this Post!  
      x 0
      x 0

     Alert Admin

    China steel futures jumped and its stock market rallied by the most in eight months on the news.

    Shanghai-listed Sany Heavy Industry, Shenzhen-listed Zoomlion and Taiyuan Heavy all surged 10 percent. Japanese construction equipment makers also got a boost, with shares of Komatsu Ltd rising 6.6 percent in Tokyo and Hitachi Construction Machinery Co Ltd up 4.7 percent.

    In U.S. trading on Friday, shares of Caterpillar Inc , the world's largest heavy equipment maker, rose 4.1 percent, and shares of rivals Joy Global Inc and CNH Global NV were both up.

    Otis Elevator Co, a subsidiary of United Technologies Corp , said it was pleased to hear about China's new infrastructure spending.

    " We have a long history of providing our products and services to support China's infrastructure growth, and are sure this latest announcement will add to this," spokeswoman Michele Batty said.

    U.S. steelmakers' shares surged, led by U.S. Steel and AK Steel and producers of metallurgical coal which is used in steelmaking, also got a boost.

    " It's definitely China," analyst Michelle Applebaum of Steel Market Intelligence, said of the advance in steel stocks. " Any good global news matters, but especially in China."

    Investment is a mainstay of China's economic prowess, accounting for 54.2 percent of the country's 9.3 percent expansion in its economy last year.

     

    FAST-TRACK SPENDING

    To avert a prolonged recession, Beijing launched a 4 trillion yuan ($630 billion) stimulus in 2008/09. But the experience saddled the world's No. 2 economy with a pile of bad debt, forcing China to proceed with care on spending this time.

    China has not unveiled any large-scale new government stimulus this year, despite mounting evidence the economy needs more prodding to regather momentum, as policymakers fret that a surge in prices could stoke social unrest at a politically sensitive time.

    Instead, most spending increases are a result of fast-tracking infrastructure projects that are already in the pipeline.

    Analysts have also urged caution. Ratings agency Standard & Poor's said last month that China could afford to deliver fiscal stimulus, but risked making bad investments.

    Still, pressure is building on Beijing to do more. Analysts say China must act soon if it wishes to cut interest rates as inflation looks set to rebound on soaring global grain prices. Indeed, local pork prices have started rising, too.

    Gathering price pressures come even as China's economic downturn deepens, forcing Beijing into a policy quandary: hold its fire on monetary policy and risk a sharper cooldown, or lower rates and risk an inflation spike.

    Concentrating policymakers' minds, Sunday's data is expected to show that annual factory output growth was the weakest in more then three years in August, according to a Reuters poll, while consumer inflation quickened.

    Analysts have steadily cut their 2012 GDP growth forecasts to converge with Beijing's target of 7.5 percent, which would be the worst in at least 13 years. Predictions for a recovery have also been pushed out from the first quarter to the fourth.

    For 2012, Goldman Sachs reduced its GDP forecast to 7.6 percent from 7.9 percent. Its forecast for 2013 GDP growth was also trimmed to 8 percent from 8.5 percent earlier.

     

    CONSTRUCTION BOOST

    The last time China stepped up project approvals was in May, when the Chinese media reported Beijing as saying it may bring forward 2013 investments to support the economy. The total size of investment brought forward in May was not available.

    Although the latest approved projects were only announced Wednesday and Thursday, the commission's website showed approvals were made as early as May, and ran through to August. ()

    The size and location of projects also mean they likely overlap with spending plans announced by local governments in recent months. At more than 1 trillion yuan, the total cost represents around 2.1 percent of China's economy.

    Among projects approved is an expansion of a 172-km (107 miles) rail track across three provinces between Gantang and Wuwei, in western China, for 3.77 billion yuan. The project got the go-ahead in June.

    Analysts at Nomura estimated the average construction time for projects at around four years.

    Details about how projects would be paid for were sketchy.

    There would be a combination of private and corporate investment and government funding, although Ting Lu, an analyst at Bank of America-Merrill Lynch in Hong Kong, said the bulk of financing would come from loans from state-owned banks or bond sales.

    But regardless of the sources of funding, the construction work will give distressed businesses some much needed respite.

    Foreign and local machinery makers in China, the world's largest construction market, are struggling as the slowdown saps investment growth to 10-year lows. Falling profits have spurred firms to cut production or seek new clients.

    Global leader Caterpillar has started exporting Chinese-made machinery to the Middle East and Africa.

    Hitachi Construction Machinery, which earns about 16 percent of global sales revenues in China, has slashed production at its excavator-making plant in eastern China.

    Shares in China heavyweight Sany Heavy Industry, whose second-quarter profit skidded 28 percent, are still down more than 20 percent this year despite surging 10 percent on Friday.

    " People had underestimated the impact of the slowdown on certain sectors, particularly construction machinery," said Arthur Kroeber, managing director of GK Dragonomics in Beijing.

    " If you are investing there it has been really painful, the bottom has fallen out."
    Stocks
    Markets
    Basic Materials
    Financials
    Industrials
    We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
    Comments (0)
    Be the first to comment on reuters.com.
    Add yours using the box above.

    ADS BY MARCHEX
    Image Ad
    Buy a Link Now
    http://www.reuters.com/article/2012/09/07/china-economy-idUSL6E8K7JBJ20120907?type=companyNews& feedType=RSS& feedName=companyNews& rpc=43
     Useful To Me  Not Useful To Me


    tradehuathuat
    Veteran
    		10-Sep-2012 10:10     
     
    tradehuathuat About Contact  Quote this Post!  
      x 0
      x 0

     Alert Admin

    CLE AR $0.084 Resistance..........look set to test $0.089 0.09

    Bid Bid Vol Ask Vol Ask
    0.083 2,113,000 331,000 0.084
    0.082 1,151,000 962,000 0.085
    0.081 1,436,000 225,000 0.086
    0.080 2,666,000 130,000 0.087
    0.079 1,020,000 688,000 0.088
    0.078 1,000,000 major resistance1,848,000 0.089
    0.077 15,000 major resistance2,201,000 0.090
    0.072 60,000 236,000 0.091
    0.070 150,000 180,000 0.092
    0.062 200,000 20,000 0.094
    0 -- 308,000 0.095
    0 -- 133,000 0.100
    0 -- 60,000 0.104
    0 --
     Useful To Me  Not Useful To Me
    tradehuathuat
    Veteran
    		04-Sep-2012 14:28     
     
    tradehuathuat About Contact  Quote this Post!  
      x 0
      x 0

     Alert Admin     		looking set to test resistance $0.083 again
     Useful To Me  Not Useful To Me
    tradehuathuat
    Veteran
    		03-Sep-2012 10:13     
     
    tradehuathuat About Contact  Quote this Post!  
      x 0
      x 0

     Alert Admin     		today is moving up higher        $0.083
     Useful To Me  Not Useful To Me


    tradehuathuat
    Veteran
    		30-Aug-2012 12:06     
     
    tradehuathuat About Contact  Quote this Post!  
      x 0
      x 0

     Alert Admin     		$M of sharebuybck, HG METAL still stuck at record LOW...................i tink the time is ripe for a rebounces in HG METAL price since METAL is important in infrustructure spending as well as rebuilding Old commercial building.......$0.081/ $0.082
     Useful To Me  Not Useful To Me
                                                             First   1-6 of 6   Last  



    ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

    Web design by FoundationFlux. Hosted with Signetique Cloud.