Office hubs in Beijing turn into ghost towns

Vacancy rate hits 5-year high as global slump and oversupply start to bite

Beijing clips the wings of high-flying earners

As workers suffer, government acts against top executive pay

China-fuelled equity may run out of steam

Full brunt of global recession yet to be fully felt on corporate earnings and balance sheets

China car sales set record in March

Vehicle sales in China, the world’s largest car market, climbed to a record in March, extending gains from the previous month, helped by government policy measures to bolster demand in both urban and rural areas.

Shanghai orders full property disclosures

Shanghai has ordered high-ranking city officials to disclose their property assets to municipal Communist Party authorities in a bid to repair the party’s image, tainted by a string of real-estate-related scandals in recent years in the nation’s business capital.

Olam

Upper channel resistance line at 1.70. Resistances are 1.70, 1.80, 2.00, 2.10 and 2.29.

Fibonacci retracement 50% is 2.01 and 61.8% is 2.29.

Nude couple charged

A couple who caused a stir by strolling down naked along Lorong Mambong earlier this year were charged in court on Thursday.

NOL

From the hourly chart, NOL looks well placed to move up to 1.40.

Yanlord

Uptrend still intact. Immediate resistance at 1.29. Should attempt to take out 1.37.

Thai Village

Immediate resistance at 100MA 0.0734.
Cash value of about $0.110, and $0.01 dividend.
From current 0.065, it is not difficult to double your ROI.

Olam

I believe the next move above 1.62 would break out of the wedge to take out 1.70 resistance.

Daily 50EMA is about to cross 100EMA.

Singapore Market by AmFraser

Confidence of big players evident from pre-holiday rally from higher STI support levels suggesting market could be in midst of best rebound since Oct 2007 peak STI high 1836.83/low 1797.40

Silence at S-chips disconcerting

Several companies have started to default on their loans as they find themselves sandwiched between dwindling profits and the increasing difficulty of securing refinancing.

Prophet of doom squashes hopes of China’s recovery

Over the next week, China is due to release a raft of economic data for the first quarter of the year, but economic analysts are celebrating already.

200,000 want Thai King’s advisers out

Red-shirted and painted protesters rallying outside the home of royal adviser Prem Tinsulanonda in Bangkok yesterday. The supporters of ousted Thai PM Thaksin intend to stay at the site until their demands for the government's resignation are met.

Power Plant-Coal Miners Spat Home Favours International Coal Prices

As negotiations with domestic coal companies stalemated, China’s five electric power companies are now importing coal from overseas. This, together with the rebound of the Chinese economy, is boosting prices for coal imported from Vietnam, Indonesia, and Australia, but not enough so as to make it uneconomical to continue imports.

Have banks hit bottom yet? The numbers say no

Have we reached the bottom yet? That’s a question that people ask me from time to time. I haven’t got an answer yet, but today I have some numbers that may give us an idea. And the preliminary verdict is: No!

Stock Gain Is ‘Dead Cat Bounce,’ Aberdeen Asset Says

The rally in global stocks over the past month is a “dead cat bounce,” as companies report “terrible” earnings this year and the global recession persists, Aberdeen Asset Management Plc said.

Ezra Holdings’ Q2 profit rises 21% to US$14.9m

In a separate statement, Ezra announced new and renewal charter contracts worth US$47 million for three vessels.

New Foreign Institutional Demand for China A-Shares

A large internationally oriented firm in New York intends to establish an Exchange Traded Fund (ETF) whose objective will be to track the China A-Share market. Van Eck Securities Corporation of New York stated in a March 30th preliminary prospectus filed with the Securities and Exchange Commission (SEC) in Washington that it intends to submit an application with the China Securities Regulatory Commission (CSRC) for a Qualified Foreign Institutional Investor (QFII) license. The firm said that it intends to launch an ETF listed on the New York Stock Exchange (NYSE). This is believed to be the first ETF targeting the China A-Share market.