| Latest Forum Topics / Global Logistic |
 Post Reply
|
|
GLP looks set to soar!
|
|||||||||
|
pharoah88
Supreme |
20-Oct-2010 10:36
|
||||||||
|
x 0
x 0 Alert Admin |
KIM ENG COMMENTARY After the market close, PBOC announced a 25 bps hikes in both 1-year lending rate and 1-year deposit rate. Interest rates for other tenor were also adjusted. Note that saving rates are kept unchanged. This is the first interest rate movement made by PBOC since 23rd Dec 2008, amid the financial crisis. On that day PBOC cut both the 1-year lending and deposit rates by 27bps. The direction of interest rate movement is well expected by market, but the timing is unexpected, while the structure of the interest rate hike is also interesting. Our analyst comment: * Timing: The rate hike happened just after the 12th 5-year plan conference, which may trigger some speculation in change of monetary polices. We believe that it is too early to say this, and still believe that this round of rate hike DOES NOT mean China is entering into a rate hike cycle with frequent and rapid interest rate hikes. * Structure: We always argue that the structure of the interest rate hike is more important than the hike itself. Note that previously there were rumors on asymmetric rate hike, i.e. raising deposit rate but keeping lending rate unchanged (which is obviously bad news to banks). This turned out to be false. Market’s concern on asymmetric rate hike should fade. * Also note that saving rates were kept unchanged. This is important to the banks: On the funding side, the cost of saving deposit (typically 40-60% of total deposits), only the cost of time deposit will rise. While on the asset side, the yield of all of their loans will rise. * Effect: In short, the latest PBOC move should be moderately positive to the bank’s margins. * On the volume side, note that the mainland banks’ volume growth is almost inelastic to interest rate movement. Volume growth was mainly controlled by government instead. * Who is going to benefit: The banks with high loan/deposit ratios, and the banks with high portion of saving deposits are likely to benefit most. Bocom, CITIC Bank, CMB and BOC are likely to benefit most. * The rate hike should be positive to insurer as well. We believe that PICC is going to benefit most. * Other implications: While the rate hike itself is moderately positive to the banks, we expect the market to react negatively. The weakness in overseas market, and the recent strong rally in China and HK market would trigger some profit taking. * Inflow of hot money, and strength in Rmb may continue after the rate hikes. * The upcoming CPI and GDP figures (both due on 21st Oct, Thu) may surprise the market on upside. |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
AnthonyTan
Elite |
20-Oct-2010 10:17
Yells: "patience" |
||||||||
|
x 0
x 0 Alert Admin |
Approximately at wat px. is good to sell, thanks.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
Juzztrade
Veteran |
20-Oct-2010 10:05
Yells: "Techincal and long term investor" |
||||||||
|
x 0
x 0 Alert Admin |
It is there! I am still holding. 
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
epliew
Supreme |
20-Oct-2010 09:36
Yells: "no worries be happy !" |
||||||||
|
x 0
x 0 Alert Admin |
your wife should intoxicated you every day..... so carlsberg or tiger is nothing lah.....
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
AnthonyTan
Elite |
20-Oct-2010 09:32
Yells: "patience" |
||||||||
|
x 0
x 0 Alert Admin |
Still going strong. Could be future blue chip, my view only. | ||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
AnthonyTan
Elite |
20-Oct-2010 08:58
Yells: "patience" |
||||||||
|
x 0
x 0 Alert Admin |
Congrat and good luck.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
AK_Francis
Supreme |
20-Oct-2010 01:17
Yells: "Happy go lucky, cheers." |
||||||||
|
x 0
x 0 Alert Admin |
Dear comrade, generally, for a small retailer, a profit of K is meant to them, esp they r new in trading/investment. However, there is no hurry to exit when d market situation is running good. Dun waste the comms money. Be vigilant is the call. AK now making paper gain of 100 over K also dun sell, jangan tension loh, relax lah. On d other hand, of course, if need cash urgently, then thats another issue liao. Thats much depend how to manage own finance status loh. At times, really hard to decide one, ds is way of life mah.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
iApple
Member |
20-Oct-2010 00:27
Yells: "trade to learn,learn to trade? " |
||||||||
|
x 0
x 0 Alert Admin |
so to say...not good to go in again?I also earned my kopi money.. But, greed is calling me... On the other hand, I agreed with Elton... a)MIT starts on Thurs.. b)Today DOW downs 90+ points as China interests hikes, BOA mass loss.. c) There are other outstanding stocks for profits-gain... No one knows what happen tml... |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
elton81
Master |
20-Oct-2010 00:22
Yells: "$$ very hard to earn :(" |
||||||||
|
x 0
x 0 Alert Admin |
for those thinking of vesting into this counter ... well be safe.. and caution... exit when there's enough profit.. dont be too greedy.. or u wont know what is coming.... when retailers starts to swarm back into the picture... that's when the BBs are getting ready to exited the counter.. and let u all play roller coaster..i'm happy with my profit.. and gd lucks to the rest of ya vested :) oh ya.. there's still mapletree coming up on thurs... gonna shift my milk powder earning fund into it.. lolz | ||||||||
| Useful To Me Not Useful To Me | |||||||||
|
elton81
Master |
20-Oct-2010 00:16
Yells: "$$ very hard to earn :(" |
||||||||
|
x 0
x 0 Alert Admin |
lol thanx bro.. well.. the 1k is credited into my wife's account.. so really is 100% milk money or mayb.. shopping $$.... :( cant buy any calsberg or tiger for myself.. haha
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
gigi_388
Member |
19-Oct-2010 20:21
|
||||||||
|
x 0
x 0 Alert Admin |
tomorrow still can enter,by nxt week will hit 2.3 at least ? may try |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
epliew
Supreme |
19-Oct-2010 18:41
Yells: "no worries be happy !" |
||||||||
|
x 0
x 0 Alert Admin |
congratulation brother,
u really make lots of milk powder money..... u should make more babies.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
heavenade
Member |
19-Oct-2010 18:13
|
||||||||
|
x 0
x 0 Alert Admin |
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
heavenade
Member |
19-Oct-2010 18:10
|
||||||||
|
x 0
x 0 Alert Admin |
today close 2.29 liao  2.5 think... TOMORROW!! |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
elton81
Master |
19-Oct-2010 17:48
Yells: "$$ very hard to earn :(" |
||||||||
|
x 0
x 0 Alert Admin |
Earn 1k
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
AnthonyTan
Elite |
19-Oct-2010 17:40
Yells: "patience" |
||||||||
|
x 0
x 0 Alert Admin |
Those who bought yesterday 18.10.10. at $2.15/$2.16 make $$$$$$$$ lol. |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
bladez87
Master |
19-Oct-2010 12:11
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
||||||||
|
x 0
x 0 Alert Admin |
ya lor, i regrets! after i sell it off then i was thinking, all the 1 lotters sell down, means someone must be consolidating. and once it consolidate over, means price rise. but too late, my brain tick too slow, if really hit 2.3- 2.5 within 1 month i will cry sia. this is the only ipo that i sold on the same day it listed and big mistake. lol | ||||||||
| Useful To Me Not Useful To Me | |||||||||
|
heavenade
Member |
19-Oct-2010 12:01
|
||||||||
|
x 0
x 0 Alert Admin |
so u were one of em who sold to me at 2.15! anyway, now still can enter, i think by nxt week will hit 2.3 at least
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
heavenade
Member |
19-Oct-2010 12:00
|
||||||||
|
x 0
x 0 Alert Admin |
collect ASAP! short mid term think will hit at least 2.5 |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
bladez87
Master |
19-Oct-2010 11:59
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
||||||||
|
x 0
x 0 Alert Admin |
AIYA! i sold at 2.15! sadded! only after selling then i realised i fell into the herd mentality. sad | ||||||||
| Useful To Me Not Useful To Me | |||||||||