Saturday, 9 May 2009

Asia’s ‘Absolute Greed’ Stocks Rally to Falter, Citigroup Says

Asian stocks are set for a “correction” as a two-month rally drives valuations higher than justified by a recovery in company earnings, according to Citigroup Inc.

Friday, 8 May 2009

Asahi Attempt to Acquire Tsingtao May Be Bitter Cup for the Japanese Company

Not long after the rejection by the Ministry of Commerce (MoC) of Coke’s attempt to acquire Huiyuan, Tsingtao Beer, a more famous Chinese international brand, may be about to fall under the control of a foreign company. And this time, that company is Japanese, which could trigger all sorts of nationalistic fervour in the volatile Chinese.

China to Launch a 2 Trillion Yuan New Energy Investment Plan

China is developing a new energy investment plan, perhaps involving over 2 trillion yuan, to stimulate economic growth and prepare for a round of energy shortage after economic rebound.

Alarm Bells Sounded in Washington Over China’s Rising “Soft Power”

“Cyberspies” breaking into US government computers kicked off alarm bells in Washington last week at a hearing by the U.S.-China Economic and Security Review Commission entitled “China’s Propaganda and Influence Operations, Its Intelligence Activities that Target the United States, and the Resulting Impacts on U.S. National Security.”

Thursday, 7 May 2009

Confession of an S-chip boss

Goh Eng Yeow receives an e-mail on the rise and fall of an unnamed player.

Emerging-Market Stocks May ‘Break Out’ by Year-End, Mobius Says

Emerging-market stocks may “break out” into a bull market at the end of the year as falling interest rates and easing inflation make equities more attractive, Templeton Asset Management Ltd.’s Mark Mobius said.

Wednesday, 6 May 2009

China Stocks ‘Bubble’ Is Almost Over

A rally in China’s stocks is close to ending as investor confidence in the nation’s economic recovery weakens and bank lending slows, according to China Galaxy Securities Co., the nation’s largest brokerage.

Tuesday, 5 May 2009

Secretary accidentally bites off boss’ penis

She was giving him oral sex in a car.

Why the Markets Are Up

To understand the rally, recognize that the GDP statistics you are reading are already out of date.

Wave 3

Wave 3 is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts.

Scenario 1: today close below opening index 2056, tomorrow gap down (fulfil evening star);

Scenario 2: close near day high again, resume uptrend, target 2400.

Chinafornia, Chinazona, Chutah, and Chindaho

What if the U.S. broke up (much like the Soviet Union did in the early 1990s)? According to one Russian professor, it means that Governer Ahnold may need to learn Chinese.

HK gamblers losing billions in Macau’s VIP rooms

A confidential report commissioned by the Hong Kong Jockey Club to assess the impact of VIP gambling junkets to Macau has estimated that between 4,000 and 8,000 Hongkongers make 10 to 25 such trips to the city each year.

Monday, 4 May 2009

Hang Seng set for third and final plunge, analysts warn

Global market troubles likely to extend into summer

Asia’s private banks face hard times ahead

After the boom years comes the hangover



Sunday, 3 May 2009

H1N1 flu could worsen global recession, say analysts

The swine flu outbreak could shatter fragile signs of a global economic rebound, but the gravity of its impact depends on the death toll it inflicts and the panic it generates, analysts said.

Financing your overseas home

Credit crunch means it’s critical to research loan options before making commitment

Huawei and ZTE Moving Up the Global Scales. Ericsson Next?

China’s two telecoms tigers, Huawei and ZTE, are so far the only two among all their major competitors who have managed to maintain sales and profit growth. Now their ambitious competitive strategies are beginning to challenge behemoth Ericsson for dominance in the telecoms industry.

Beijing Acts to Curb Statistics Cheating, Gain Credibility

To become a leader in the global economy, and to be the first among all countries to revive from the present crisis, is the mighty goal the country has set for itself. But for that to be believed beyond, and even within, China’s own borders will require the generation of some believable statistics, a prospect that has always proved illusive in this country. Exhibit A includes just revealed economic figures for the first quarter of the year that are triggering doubt after doubt, both publicly and privately.