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STX Pan Ocean
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Rustyhaster
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05-Feb-2008 01:59
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Gap pass the first resistance @ 2.72, will it reach 2.91?? Semms like gaining strength to head north plus the gd news from the relevant industry... |
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zhuge_liang
Supreme |
02-Feb-2008 00:04
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Up on 2 days of rise in the Baltic Dry Index. |
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ET88888
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01-Feb-2008 16:49
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Heavy accumulation going on. Cheeooooooooooooooooooooong |
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zhuge_liang
Supreme |
29-Jan-2008 12:48
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Ok. Accumulation is a much better word to use. |
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ET88888
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29-Jan-2008 09:37
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Hello, no spelling mistakes. It is collection phase. Make it more simple to u .. accumulation lah. |
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zhuge_liang
Supreme |
29-Jan-2008 01:35
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Collection phase or correction phase? Two words with slight difference in spelling, but totally different meanings. I see many spelling mistakes. Hope forummers will check their spelling before they post. |
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lucky168
Veteran |
28-Jan-2008 22:02
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don't kid yourself BDI demise will be the fall of STX |
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ET88888
Member |
28-Jan-2008 14:09
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STX Pan Ocean in collection phase now. Be patient it would come in a bifg way soon. |
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ET88888
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25-Jan-2008 15:49
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The BDI is just a guide, it does not reflect the stock closely. Otherewise, very simple to play the stock. STX is not equal to dry bulk business. When the process of arbitrage is made simple and fast, this stock will sky rocket up. Watch out for it. |
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178investors
Veteran |
25-Jan-2008 15:23
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Look at the BDI Chart, not recover yet leh... fallen off Everest... 
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huatah
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25-Jan-2008 14:30
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Despite all the good news abt tis counter.. it simply dun move north?? Haiz... |
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ET88888
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25-Jan-2008 13:23
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Jan. 25 (Bloomberg) -- South Korea's economy expanded faster than expected in the fourth quarter, stoked by the biggest increase in exports in four years and a pickup in business investment. Growth accelerated to 1.5 percent from the third quarter's 1.3 percent, the central bank said in Seoul today. That beat the median estimate of 1.3 percent in a Bloomberg News survey of 14 economists. The economy advanced 5.5 percent from a year earlier, the fastest pace in almost two years. South Korea's stock index rose as the report added to confidence that exports to China, the Middle East and other emerging markets are helping Asian nations weather the U.S. slump. As global growth cools, the economy will be increasing reliant on spending by businesses and consumers to extend its longest expansion in 15 years. ``The Chinese economy is supporting economic growth in Korea and across Asia as the U.S. slows,'' said George Worthington, chief Asia-Pacific economist at Thomson IFR in Sydney. The report also shows ``quite a solid performance from the domestic economy,'' he said. China's economy expanded more than 11 percent for the fourth straight quarter, figures showed yesterday, supporting global growth as a recession looms in the U.S. The Kospi index climbed 1.4 percent to 1,685.93 at 11:15 a.m. in Seoul, reducing its decline this year to 11 percent. The won rose 0.2 percent to 947.25 per U.S. dollar. The yield on the three-year government bond jumped 9 basis points to 5.19 percent. Exports Increase South Korea's exports surged 7.3 percent in the three months ended Dec. 31, the biggest increase since the fourth quarter of 2003, today's report showed. Companies benefiting from higher global demand include LG Electronics Inc., Asia's second-largest mobile-phone maker, which yesterday posted a record quarterly profit as sales rose. Samsung Heavy Industries Co., the world's second-largest shipyard, today signed an agreement to build two drill ships for $1.3 billion. Shipyards in South Korea won about half of the global $187.3 billion in vessel orders last year. Samsung Electronics Co., whose overseas sales account for 16 percent of South Korea's total exports, has tapped demand in China and India. Asia's largest electronics maker expects industrywide sales of liquid-crystal-display televisions globally will rise 30 percent in 2008. ``We are not satisfying demand from customers,'' Cho Yeong Duk, vice president of Samsung's LCD division, said on Jan. 15. China, Middle East China surpassed the U.S. in 2003 to become South Korea's largest market, buying more than 21 percent of the nation's goods. Exports to China jumped 18 percent in the period from Jan. 1 to Dec. 20 and shipments to the Middle East surged 40 percent. ``Sales to emerging markets like the Middle East and Latin America are rising. That's what makes Korea less vulnerable to external shocks,'' said Ma Tieying, an economist at DBS Bank Ltd. in Singapore. Goldman Sachs Group Inc. this month raised its forecast for South Korea's economic growth, predicting an expansion of 5 percent in 2008 compared with 4.9 percent last year. Others aren't as optimistic. UBS AG today cut its 2008 growth forecast to 3.6 percent, which would be the weakest in five years, saying both exports and consumption will slow. It previously estimated 4.1 percent. `Growing Challenges' South Korea's ``challenges appear to be growing now we expect a U.S. recession,'' said Duncan Wooldridge, a Hong Kong- based economist at UBS. ``Export growth should slow in line with weaker demand from the U.S., Europe, and Japan. And a slowdown in credit will lead to weaker domestic demand, especially consumption.'' Businesses are expanding to take advantage of global growth. Corporate investment in factories reversed the third quarter's drop and climbed 4.4 percent last quarter. Private consumption increased 1.1 percent last quarter, today's report showed, compared with a 1.2 percent gain in the previous three months. The lowest jobless rate in five years and wage gains are underpinning consumer spending as fuel costs surge to a record. ``The issue now is how much the U.S. slowdown will hurt exports and economic growth, not whether we'll be affected,'' said Oh Suktae, an economist at Citibank Korea Inc. in Seoul. ``Clearly, South Korea will have to rely more on the role of domestic demand.'' President-elect Lee Myung Bak aims to stoke growth by encouraging firms to invest more and increase hiring. He announced a series of tax breaks on capital expenditure and has proposed relaxing rules that limit investment in banks by industrial groups. The government expects domestic demand will account for about 90 percent of its forecast 4.8 percent growth rate in 2008. ``The engine for economic growth this year will be corporate investment,'' said Kwon Goohoon, an economist at Goldman in Seoul. ``Companies will spend if regulations are eased swiftly.'' |
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ET88888
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25-Jan-2008 13:21
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Jan. 25 (Bloomberg) -- Asian stocks rose for a third day, extending a global rally, after South Korea's economy expanded faster than estimated and U.S. lawmakers agreed on a plan to boost growth. Bank of Communications Ltd., HSBC Holdings Plc's Chinese affiliate, surged after Morgan Stanley recommended investors buy the shares. BHP Billiton Ltd., the world's largest mining company, and PetroChina Co. advanced as copper, gold and crude oil prices climbed. The MSCI Asia Pacific Index is set for its longest winning streak this month, though it hasn't recouped a 10 percent loss sustained earlier in the week prior to the U.S. Federal Reserve's emergency interest-rate cut. ``While stimulative policies aren't going to have an immediate economic impact, they are bringing us close to the conclusion of recent turmoil,'' said Koshi Kumagai, a fund manager at BNP Paribas Asset Management in Tokyo, which manages about $438 billion in assets worldwide. About nine stocks rose for each that retreated in the MSCI Asian index, which climbed 3.5 percent to 144.27 at 1:30 p.m. in Tokyo, following a two-day, 5.6 percent advance. The three-day jump will be the longest winning streak since a four-day gain ended Dec. 26. Hong Kong's Hang Seng Index surged 5.3 percent, the region's biggest increase. Japan's Nikkei 225 Stock Average added 2.8 percent to 13,459.83. South Korea's Kospi index climbed for a third day. All other benchmarks open for trading rose, apart from China. Nintendo Co. paced gains among technology stocks after raising its profit forecast and after Microsoft Corp., the world's largest software maker, reported net income that topped analyst estimates. Stimulus Plan U.S. stocks rose yesterday, helping the Standard & Poor's 500 Index to its biggest two-day rally since November. In Europe, the Dow Jones Stoxx 600 Index surged 5.2 percent, its biggest gain since March 2003. Bank of Communications advanced 11 percent to HK$9.87 in Hong Kong. Morgan Stanley raised its rating to ``overweight'' from ``equal weight.'' The bank said on Jan. 22 higher income from lending and fee-based services boosted its 2007 profit by more than 60 percent. HSBC, Europe's No. 1 bank by market value, added 2.8 percent to HK$118.60 in Hong Kong. Macquarie Group Ltd., Australia's biggest securities firm, jumped 5.7 percent to A$67.70. Mizuho Financial Group Inc., the third-largest publicly traded bank by market value in Japan, added 7.4 percent to 493,000 yen, set for its biggest advance since Nov. 1. The Bush administration and lawmakers announced an agreement on an economic stimulus plan that would distribute rebate checks to families and give businesses incentives to invest in equipment. The proposal also aims to stem mortgage-market losses by allowing lenders to buy more expensive home loans. Rebound Stocks are rebounding from losses earlier this week after the Fed held an emergency meeting and cut its benchmark interest rate by the most in 23 years and New York regulators met with U.S. banks to consider bailing out bond insurers. Posco, Asia's third-biggest steelmaker, added 3.3 percent to 504,000 won in South Korea. SK Telecom Co., the nation's largest mobile-phone operator, rose 1.7 percent to 205,500 won. Samsung Electronic Co., Asia's biggest maker of mobile phones, flat panels and chips, gained 1.3 percent to 563,000 won. South Korea's growth accelerated to 1.5 percent from the third quarter's 1.3 percent, the central bank said in Seoul today. That beat the median estimate of 1.3 percent in a Bloomberg News survey of economists. Metals, Oil The report comes after China said yesterday its economy expanded more than 11 percent for the fourth straight quarter, supporting global growth amid a U.S. slowdown. BHP jumped 4.8 percent to A$36.48, extending a two-day, 12 percent surge. Rio Tinto Group, the world's third-biggest mining company, gained 7 percent to A$116.10, poised for its largest increase since Nov. 26. A gauge of six metals traded on the London Metal Exchange, including copper and nickel, jumped 2 percent yesterday, while crude oil prices surged 2.8 percent. Gold for immediate delivery yesterday rose 2.5 percent to $912.85 an ounce. ``Demand for commodities is going to stay very high, even if the U.S. slides into recession,'' said Gabriel Gondard, who helps manage $10 billion at Societe Generale SA's China fund venture. ``China's economic growth alone is sufficient to keep prices at high levels.'' PetroChina, the nation's largest oil producer, surged 8.6 percent to HK$11.88 in Hong Kong. Nippon Mining Holdings Inc., Japan's biggest copper producer, climbed 6.7 percent to 650 yen. Nintendo, Microsoft Nintendo jumped 1.9 percent to 54,100 yen. Profit in the third quarter gained 63 percent from a year earlier. The world's biggest maker of handheld game players raised its annual forecast for operating profit by 9.5 percent to 460 billion yen. Microsoft reported yesterday that net income climbed 79 percent to 50 cents a share, topping the 46-cent average of estimates compiled by Bloomberg. Chief Executive Officer Steve Ballmer increased the annual sales forecast to as much as $60.5 billion, signaling Microsoft can withstand a slowdown in the U.S. economy. High Tech Computer Corp., the largest maker of handsets using Microsoft's Windows operating system, jumped 4.7 percent to NT$582. Lenovo Group Ltd., Asia's biggest personal-computer maker, surged 9 percent to HK$4.50. Centro Properties Group, the Australian owner of 700 U.S. malls, surged 33 percent to 64 Australian cents, extending yesterday's 35 percent gain. New Chief Executive Officer Glenn Rufrano yesterday ruled out a fire sale of assets as he seeks to refinance A$3.9 billion ($3.4 billion) of the company's debt. |
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ET88888
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24-Jan-2008 17:09
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Of course Goldman is pushing it down so as the buy cheap .... Singman. |
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178investors
Veteran |
24-Jan-2008 13:41
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I think Goldman just cut this stock rating to "neutral"... is it still agood bye? |
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ET88888
Member |
24-Jan-2008 13:29
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STX Pan Ocean up 16 cents now in Korea. Good to stock up now for CNY Rally |
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ET88888
Member |
24-Jan-2008 11:16
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STX Pan Ocean trading +13 cents in Korea |
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ET88888
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23-Jan-2008 11:00
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In case people forgotten the arbitrage of this counter, Korea is still trading $3.39 (high $3.50 this morning). It should recover to $3.00 by end of month. |
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apple_jj
Member |
21-Jan-2008 15:20
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I saw some volumn in " others" of this counter, what does that mean, buy or sell by BB? |
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www.collinseow
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21-Jan-2008 15:14
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STX Pan Ocean stop loss around 2.40 target 2.80 and then 3.00. My personal view, see my blog for charts |
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