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Post by Clinton SPX on Mar 14, 2012 16:42:17 GMT -5
This felt bull flaggy above support to me is why I jumped on it of course it wont mean shit if China tanks tonight Attachments:
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Post by Clinton SPX on Mar 14, 2012 20:35:14 GMT -5
China Said to Ease Lending Capacity Constraints for Banks
By Bloomberg News - Mar 14, 2012 12:16 PM ET
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China is easing restrictions on lending capacity at three of the nation’s four biggest banks after new loans dropped to a four-year low, officials at the banks with knowledge of the matter said.
The regulator is letting the lenders use more of their deposits to make loans, the bank officials said, after China’s exports, industrial production and retail sales declined in the first two months. Loan growth has slowed this year as depositors seeking higher returns removed money from savings accounts and the economy’s expansion at the smallest pace in 10 quarters curtailed demand.
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Post by Clinton SPX on Mar 15, 2012 22:45:42 GMT -5
China’s Stocks Rise, Paring Weekly Loss, on Higher Earnings
By Bloomberg News - Mar 15, 2012 10:57 PM ET
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China’s stocks rose, paring the benchmark index’s biggest weekly drop in three months, after companies from Jiangling Motors Corp. to Zoomlion Heavy (000157) Industry Science & Technology Co. posted higher profits.
Zoomlion Heavy, China’s second-biggest maker of construction equipment, advanced 2.1 percent after profit jumped 73 percent in 2011. Jiangling Motors, the Chinese commercial vehicle partner with Ford Motor Co. surged 2.6 percent after net income rose 9.3 percent last year. Liquor makers Kweichow Moutai Co. and Wuliangye Yibin Co. advanced after Shenyin & Wanguo Securities Co. recommended buying consumer stocks.
“Earnings don’t look bad and valuations are attractive,” said Wu Kan, a Shanghai-based fund manager at Dazhong Insurance Co., which oversees $285 million. “Even though the economy is still slowing, the market expects it to find a bottom by the end of the first quarter.”
The Shanghai Composite Index (SHCOMP) climbed 20.98 points, or 0.9 percent, to 2,394.76 at 10:29 a.m. local time. The CSI 300 Index (SHSZ300) rose 1.1 percent to 2,613.49. The Bloomberg China-US 55 Index (CH55BN), the measure of the most-traded U.S.-listed Chinese companies, added 0.6 percent in New York yesterday.
About 16.6 billion shares changed hands in the Shanghai Composite yesterday, or 33 percent higher than the daily average this year. Thirty-day volatility on the gauge was at 16.36, close to its highest level in almost two weeks.
The Shanghai Composite has retreated 1.9 percent this week, the biggest weekly loss since mid-December, after Premier Wen Jiabao said home prices are still far from reasonable levels. The loss pared this year’s gains to 8.8 percent in 2012. Stocks in the index trade at 9.9 times estimated profit, compared with a record low of 8.9 times on Jan. 6, weekly data compiled by Bloomberg showed.
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Post by tendermyshares on Mar 15, 2012 22:53:53 GMT -5
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Post by tendermyshares on Mar 15, 2012 22:56:54 GMT -5
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Post by Clinton SPX on Mar 16, 2012 6:17:48 GMT -5
shanghai +1.3%
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Post by tendermyshares on Mar 16, 2012 7:16:12 GMT -5
Good job Shanghai. Big rally in the afternoon there.
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Post by Clinton SPX on Mar 16, 2012 10:26:36 GMT -5
I made a watchlist for the top 15 holdings of YINN
PWRD jumps out at +20% today!!
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Post by Clinton SPX on Mar 17, 2012 10:12:15 GMT -5
Maybe its wishful thinking but this sure looks like an accumulation before a break out Attachments:
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Post by Clinton SPX on Mar 17, 2012 10:22:21 GMT -5
looking at Shanghai it looks like they've spent most of the last 12 months selling. They are due to go on a long run soon IMO Attachments:
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Post by Clinton SPX on Mar 21, 2012 21:52:14 GMT -5
HSBC China PMI falls to 48.1  |
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Post by Clinton SPX on Mar 21, 2012 22:00:58 GMT -5
shanghai -.5% I guess this must be almost priced in
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Post by Clinton SPX on Mar 22, 2012 8:11:43 GMT -5
Shanghai Stock Exchange Composite Index Add to Portfolio
SHCOMP:IND 2,375.77 -0.10%
As of 03:15:08 ET on 03/22/2012.
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Post by Clinton SPX on Mar 25, 2012 13:52:37 GMT -5
China Construction Bank Corp. (939), the world’s second-largest lender by market value, posted a 24 percent increase in fourth-quarter profit after setting aside less in provisions for its growing bad debt.
Net income climbed to 30.2 billion yuan ($4.8 billion) in the quarter ended Dec. 31, from 24.4 billion yuan, according to calculations based on full-year figures published by the Beijing-based lender yesterday. That fell short of the 31.4 billion-yuan average estimate of 22 analysts in a Bloomberg survey.
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Post by Clinton SPX on Mar 26, 2012 21:38:48 GMT -5
top 20 stocks in YINN holdings Attachments:
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Post by Clinton SPX on Mar 28, 2012 20:57:09 GMT -5
If charting works on Shanghai market we should see trend reversal soon IMO Attachments:
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Post by Clinton SPX on Mar 29, 2012 20:12:13 GMT -5
I think tonight is a big night for Shanghai. If it confirms bearish I think it drops all the way to the blue line. Im hoping we close above the green line tonight maybe forming a low pivot Attachments:
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Post by Clinton SPX on Mar 30, 2012 6:29:40 GMT -5
shanghai closed green
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Post by Clinton SPX on Mar 30, 2012 20:55:33 GMT -5
Im bullish on China. Anyone shorting 7% growth is crazy. Not to mention everyone at Foxxconjob is getting raises. Attachments:
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Post by Clinton SPX on Mar 31, 2012 22:36:22 GMT -5
Ya Baby!!!! China factory output surprises at 11-month high The National Bureau of Statistics (not to be confused with HSBC estimate)said on Sunday China's official Purchasing Managers' Index (PMI) jumped to an 11-month high of 53.1 in March from 51 in February, comfortably beating analyst forecasts of 50.5. The unexpectedly strong PMI number may buoy global financial markets on Monday by diminishing investor worries that the world's No. 2 economy is poised for a sharp slowdown, though the data needs to be viewed in context, said Zhang Liqun, a researcher with the Development Research Centre of the State Council. "Judging from market demand and the state of economic growth, the economy is still likely to slow in future," Zhang said. "We would need to analyze the discrepancy between the PMI and the actual state of the economy. Supporting prospects of a turnaround, the new orders sub-index jumped to 55.1 in March from February's 51, while the sub-index for new export orders was up at 51.9, compared with February's 51.1. China's vast factory sector, which accounted for 40 percent of its economy in 2010, had steadily lost steam in the past year as tight domestic monetary conditions aggravated waning global demand. Output hit 2-1/2-year lows in January and February. But other data suggests the pain from China's economic downtrend is spreading across sectors. Chinese industrial firms suffered their first annual drop in profits in January and February for the first time since 2009. Falling corporate profits have in turn hit China's banks, with four of its biggest state-owned lenders reporting rising delinquent loans during their quarterly results in March. A flash PMI published by HSBC last week had signaled that Chinese factories were struggling in March as their activity cooled for the fifth straight month and new orders sunk to four-month lows. A Reuters poll in March showed analysts expect China's central bank to lower the ratio of cash reserves by another 150 basis points this year. A growing group of economists also believe moderating inflation would give China scope to cut interest rates this year to shore up activity. PMIs are widely followed because they provide early insight into the health of China's manufacturing sector before official industrial output data is released. (Reporting by Koh Gui Qing and Benjamin Kang Lim; Editing by Ed Lane) YINN-Sanity Monday  |
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Post by Clinton SPX on Apr 1, 2012 9:17:27 GMT -5
Foxconn chairman pledges to raise pay in China, invest in Hainan
(Reuters) - Foxconn Technology Group will keep on increasing worker salaries in China and cutting the hours of work, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads.
As part of its efforts to relieve the pressure on its existing factories in Chinese cities such as Shenzhen and Chengdu, Gou said Foxconn would be building high-tech manufacturing facilities in Hainan, as well as expanding operations in Brazil.
"We are a saying now in the company, 'you work fewer hours, but get more pay'," Gou told Reuters at the 2012 Boao Forum for Asia in China's Hainan island province. "We won't stop here and will continue to increase salaries."
"Salaries in Brazil are even higher but we will continue with our investments there. We've just entered a deal with Hainan Airlines and they will eventually be our way of connecting our supply chain (from China to Brazil)."
The 61-year-old Taiwanese tycoon said Foxconn would lift workers' overall salaries as some employees at its sprawling factories in Shenzhen had complained that they would not make enough money if hours were reduced.
Apple and Foxconn agreed last week to improve conditions among the 1.2 million workers assembling iPhones and iPads in a landmark decision that could change the way Western companies do business in China.
According to the agreement reached with Apple, Foxconn Technology Group, whose subsidiary Hon Hai Precision Industry assembles Apple devices in China, will hire tens of thousands of new workers, eliminate illegal overtime, improve safety protocols and upgrade housing and other amenities.
The move is in response to the independent Fair Labor Association's findings of violations of labor laws by Foxconn, such as letting long work hours and unpaid overtime.
Foxconn now supplies 50 percent of the world's consumer electronics, with its units assembling handsets for the industry's best known names such as Nokia Oyj and Huawei Technologies Co Ltd, apart from Apple.
"The result we expect is additional hiring to cover the shortfall in labor hours following the reduction of overtime, as well as increased investment in automation equipment to reduce the future impact of continued wage increases in China," HSBC analyst Jenny Lai said in a report.
Foxconn has also been diversifying into other Asian markets, such as Vietnam, partly to reduce its reliance on China, though the move has been limited so far.
"Vietnam's development hasn't been as fast as China," said Gou, who is Taiwan's third richest man according to Forbes.
He added that Foxconn saw Hainan developing as one of its manufacturing bases in the southern part of Asia although some incentives, such as taxes, and the availability of labor still needed to be ironed out.
"We'll be breaking ground in Hainan at the end of this year and the facilities will be making high-tech products - that I can say. But as to what kind of products and other details, I can't divulge too much now," Gou said.
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Post by Clinton SPX on Apr 1, 2012 16:16:14 GMT -5
This weekend's PMI reports aside, the overwhelming sentiment towards China this year is one of pessimism, as a hard landing is seen as a distinct possibility. But not everyone is pessimistic. In a report put out in the middle of last week, Morgan Stanley's Helen Qiao actually raised her firm's 2012 China GDP forecast from 8.5% to 9.0%. We break down the key points here: Already the China has been easing policy all over the place to stimulate the economy, but so far it's been relatively ineffective. However, there's more the PBOC can do on the monetary front, including rate cuts, to goose lending. Specifically, Morgan Stanley is calling for a 25 basis point cut to the benchmark lending rate. Furthermore, expect to see the resumption of government infrastructure projects. There's growing evidence that after strong attempts to cool the property market, that pro-real estate measures will be put in place, specifically with the aim of supporting first-time home buyers. In early March, the heads of the 5 biggest bnaks were called together for a meeting on facilitating homebuying. Fixed Asset Investment, centered on technology, utilities, and housing will grow 21% this year, vs. previous estimates of just over 10%. Read more: www.businessinsider.com/morgan-stanley-raises-gdp-estimate-2012-4?utm_source=dlvr.it&utm_medium=social&utm_campaign=clusterstock#ixzz1qpGRK7hG |
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Post by maxi on Apr 1, 2012 17:25:45 GMT -5
Go contrarian traders!
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Post by Clinton SPX on Apr 3, 2012 22:03:43 GMT -5
bloom says rumor of China rate cut
this is what Ive been waiting for
shanghai closed for holiday
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Post by Clinton SPX on Apr 3, 2012 22:36:19 GMT -5
China is gonna blast off soon and probably take us with them till May I hope
China Speeds Up Opening of Capital Markets as Quota Lifted to $80 BillionQ
China accelerated the opening of its capital markets by more than doubling the amount foreigners can invest in stocks, bonds and bank deposits as the government shifts its growth model to domestic consumption from exports.
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Post by Clinton SPX on Apr 4, 2012 20:31:25 GMT -5
Shanghai now open for the first time in 3 days
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Post by tendermyshares on Apr 4, 2012 20:41:41 GMT -5
They're gonna be sorry they did that. Shanghai now open for the first time in 3 days |
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Post by Clinton SPX on Apr 4, 2012 21:50:28 GMT -5
stim is coming
Most Chinese Stocks Advance on Rate Outlook, QFII After Holiday
By Weiyi Lim - Apr 4, 2012 10:25 PM ET
Most Chinese (IFB1) stocks rose on speculation the central bank will ease monetary policy and after the government said it will more than double the amount foreigners can invest in equities, bonds and bank deposits.
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Post by Clinton SPX on Apr 5, 2012 22:08:51 GMT -5
YINN +2.78% today lame but better than red
Credence Oriental Trade Enterprise Ltd. (CRDOTPL), a China hedge fund that has beaten 98 percent of its rivals, will boost its Chinese stock holdings on the prospect of economic expansion and increased equity purchases by foreigners.
Credence is increasing the percentage of yuan-denominated A shares and Hong Kong-listed H shares it holds in its portfolio to 70 percent from 50 percent, while reducing bets on commodities, Tom Tang, co-manager of the China-domiciled fund, said in a phone interview from Hong Kong on April 4. Credence, which has 211 million yuan ($33.6 million) in assets, has returned 29 percent in the past three years, outperforming 1,203 China-focused funds, according to data compiled by Bloomberg.
“Equities will be our major investment in the future,” said Tang, 39, who is based in Shenzhen. “There’s less variety in commodities and we want a more diversified portfolio.”
The Shanghai Composite Index (SHCOMP) has risen 4.7 percent this year on speculation the government will ease monetary policies and take measures to prevent stocks from slumping for a third year. The China Securities Regulatory Commission announced on April 3 that it increased quotas for qualified foreign institutional investors to $80 billion from $30 billion, spurring the biggest gains for the benchmark stocks measure in three weeks. The index was little changed at 2,302.03 at 10:21 a.m. local time.
“This is good news for the stock market,” said Tang. “It will increase trading of blue-chip stocks and improve valuations.”
The benchmark measure for China’s stocks trades at 9.7 times estimated earnings, compared with an average multiple of 18.4 over the past five years, according to weekly data compiled by Bloomberg.
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Post by jack on Apr 5, 2012 22:13:08 GMT -5
"Someone told me long ago, There's a calm before the storm...." YINN +2.78% today lame but better than red Credence Oriental Trade Enterprise Ltd. (CRDOTPL), a China hedge fund that has beaten 98 percent of its rivals, will boost its Chinese stock holdings on the prospect of economic expansion and increased equity purchases by foreigners. Credence is increasing the percentage of yuan-denominated A shares and Hong Kong-listed H shares it holds in its portfolio to 70 percent from 50 percent, while reducing bets on commodities, Tom Tang, co-manager of the China-domiciled fund, said in a phone interview from Hong Kong on April 4. Credence, which has 211 million yuan ($33.6 million) in assets, has returned 29 percent in the past three years, outperforming 1,203 China-focused funds, according to data compiled by Bloomberg. “Equities will be our major investment in the future,” said Tang, 39, who is based in Shenzhen. “There’s less variety in commodities and we want a more diversified portfolio.” The Shanghai Composite Index (SHCOMP) has risen 4.7 percent this year on speculation the government will ease monetary policies and take measures to prevent stocks from slumping for a third year. The China Securities Regulatory Commission announced on April 3 that it increased quotas for qualified foreign institutional investors to $80 billion from $30 billion, spurring the biggest gains for the benchmark stocks measure in three weeks. The index was little changed at 2,302.03 at 10:21 a.m. local time. “This is good news for the stock market,” said Tang. “It will increase trading of blue-chip stocks and improve valuations.” The benchmark measure for China’s stocks trades at 9.7 times estimated earnings, compared with an average multiple of 18.4 over the past five years, according to weekly data compiled by Bloomberg. |
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