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Lost less is also a strategy... still better lost more....
http://www.marketwatch.com/story/china-developers-short-of-cash-analyst-2011-09-14?link=MW_home_latest_news#
China developers ‘short of cash’.
By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) — China’s real-estate market may face an escalating credit crisis, with industry data for August providing clues that big developers are running short of cash, according to Credit Suisse analysts.
The unfolding situation heralds a perfect storm for China’s home-building industry, and China’s deteriorating credit backdrop should be viewed by investors with alarm, the Credit Suisse analysts said.
“I advocate selling all [Chinese] property-developer stocks because a credit crunch is coming,” said Credit Suisse analyst Jinsong Du, speaking with MarketWatch about the research.
Du said worries he’s had for a while about the housing market were confirmed by the “big disconnect” in data released by China’s National Bureau of Statistics on Friday.
Among figures out late last week, investment in residential projects rose to 432.9 billion yuan ($67.75 billion) in August, up 37% on year, or 4% higher from the prior month.
Meanwhile, completed residential projects in August totaled 37,250,000 square meters, a rise of 1% from a year earlier, but down 6% from the prior month.
Credit Suisse analysts said the Statistics Bureau’s figures back its earlier research which flagged that China’s real estate developers were beginning to face major headwinds.
The report, published in May, forecast that payment disputes between developers and their contracted construction companies would become more widespread, eventually resulting in construction delays and pushed back delivery dates.
“It’s finally shown up in the numbers,” said Du.
In spite of curbing the acquisition of new land and pressing for builders to slow their work, developers appear to have exhausted options to preserve cash, Credit Suisse said in its report dated Sept. 6.
Net gearing rose slightly in the first half, even as firms scrambled to improve their balance sheets, with the result “financials [are] much worse than they appear,” said the Credit Suisse analysts.
Credit Suisse forecasts property prices will decline in the second half, as sentiment surveys show enthusiasm towards property ownership beginning to wane.
Chris Oliver is MarketWatch's Asia bureau chief, based in Hong Kong.
i m lost too duno whether wana wait a while, ltr drop all the way byebye no nned short already.
can u push it higher like 2.57 then i short it....
i want to sell 10 cents profit leh....
Isolator ( Date: 14-Sep-2011 11:28) Posted:
| You see anyhow short already give you profit now... And the profit keep increasing.... lol |
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You see anyhow short already give you profit now... And the profit keep increasing.... lol
hmmm ..... will a follow-thru share buy back springs another surprise ??
It is going down.... I have also said as long as you can endure the swing against you..... Shorting time now... lol
eplepl, refer to the post below:
didn't you know that you can "
Short blindly on CPL can also profit as long as you can endure the swing...Never regret to short CPL....lol."
CPL is 2.54 now...up 4cts...
Isolator ( Date: 13-Sep-2011 16:48) Posted:
| Short blindly on CPL can also profit as long as you can endure the swing.....Never regret to short CPL.... lol |
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Exactly... sifu is so right...
But greed is not the problem... Without greed
there can be no striving for profit.
Be it millionaire or hourly-rated slave,
it is more important to respect the
stock market beast at all times...
louis001 ( Date: 14-Sep-2011 09:25) Posted:
one million as capital is just an example ,
the key is he must know when to take profit, and,
he is not greedy....
ELSE after multiple times, multi-millionaire will disappear into the air....LOL...
iPunter ( Date: 14-Sep-2011 09:13) Posted:
All is relative...
If a multi-milionaire plays stock betting,
he/she may trade with one million as capital...
and that's small to him/her... lol...
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i trust you but what price is " 5%" u have in mind... 2.6 ?
Isolator ( Date: 14-Sep-2011 01:59) Posted:
5% is just an example of it works... The Key is you must know when to take profit.... I never greedy...lol
Tmr it is opportunity to sell..... STI will be very green.... |
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one million as capital is just an example ,
the key is he must know when to take profit, and,
he is not greedy....
ELSE after multiple times, multi-millionaire will disappear into the air....LOL...
iPunter ( Date: 14-Sep-2011 09:13) Posted:
All is relative...
If a multi-milionaire plays stock betting,
he/she may trade with one million as capital...
and that's small to him/her... lol...
louis001 ( Date: 14-Sep-2011 09:08) Posted:
| Talk big, Do small, Well done. |
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|
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All is relative...
If a multi-milionaire plays stock betting,
he/she may trade with one million as capital...
and that's small to him/her... lol...
louis001 ( Date: 14-Sep-2011 09:08) Posted:
| Talk big, Do small, Well done. |
|
Talk big, Do small, Well done.
5% is just an example of it works... The Key is you must know when to take profit.... I never greedy...lol
Tmr it is opportunity to sell..... STI will be very green....
WOW...5% up-down of CPL at 2.5 or 2.6 is around 12.5c-13.0c,
last 3 trading days of CPL's intra-day High-Low is at most 11c,,,
it's very difficult to anyhow short and in out many times man...must have a lot of guts and commissions plus sleepless nights
eplepl ( Date: 13-Sep-2011 19:04) Posted:
in and out many time. 5%.... abit strange.... assume 2.6 as reference 5% is 2.47 you will cover back some ? today did not cover ?
up from 2.6 - next target 2.73 then you will sell more ?
Isolator ( Date: 13-Sep-2011 17:11) Posted:
| No worry about me.... Every 5% drop, I cover back some.... Every 5% up, I short some.... In Out many times already... lol |
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in and out many time. 5%.... abit strange.... assume 2.6 as reference 5% is 2.47 you will cover back some ? today did not cover ?
up from 2.6 - next target 2.73 then you will sell more ?
Isolator ( Date: 13-Sep-2011 17:11) Posted:
| No worry about me.... Every 5% drop, I cover back some.... Every 5% up, I short some.... In Out many times already... lol |
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No worry about me.... Every 5% drop, I cover back some.... Every 5% up, I short some.... In Out many times already... lol
if u cash out now and wait for it goes up and short more..... even better ?
Isolator ( Date: 13-Sep-2011 16:48) Posted:
| Short blindly on CPL can also profit as long as you can endure the swing.....Never regret to short CPL.... lol |
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can buy or sell more ?
dc16888 ( Date: 13-Sep-2011 16:16) Posted:
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