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1541-1560 of 1772
i only have 8 lots at 44.5 cts. i test water for tis 1st.
42.5c now not bad ah but still not good enough...hope to see below 40 today!
tchoonw ( Date: 08-Feb-2010 10:07) Posted:
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0.545 at ten lot. u lei??Lost paper loss like 1100 now sigh .my options A..reduce holding to 5 lot suck up the loss of half and if it really fulfilled its destined i will make back and have kopi money .B i sell everything away take loss or C i keep....think A is the best options.. but going to see how Dow do tonight...STI red now
STI suddenly turned red, and starting to see larger lots selling down now.... looks like funds are slowly (quietly) unloading... be watchful and cut loss early
wat's yr average vested price on yingli now? and how many lots?
yummygd ( Date: 08-Feb-2010 14:28) Posted:
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if yanlord start turning green den good sign.Cause Yanlord is the "Blue chip" of S chips mah so go up sure yanlord go up first. den the rest will follow. Have the market realised that they have oversold on good s chips??
how come yanlord now oredi green 2 cts but yingli still red?
recently tis 2 always mov in same direction leh
yes yes it also went on to say that it most likely wont affect China till 5 years time....and Ying Li TP time is 12 months...to each their own.Thanks for all your advice. Market is this way we are all somehow taking a gamble with the counters we are holding...just some high risk some low risk but those with guts to play with a high risk counters pls dun put all your money in it and lets hope it works out for us and let us at least double our investments...if we lose half of our investments well we still have another half to play with haha. I invest in YingLi for its good growth value...note they are dealing with commerical properties not RESIDENTIAL.
NPL's Soar in China
Sunday, February 7, 2010
Non-performing loans in China have risen into the “trillions of renminbi” because of poor lending practices, an insolvency lawyer said.
“We work really closely with SASAC, the state-owned enterprise regulator in China, and there are literally trillions and trillions of renminbi of, frankly, defaulting loans already in China that no one is doing anything about,” Neil McDonald, a Hong Kong-based business restructuring and insolvency partner with Lovells LLP, said at an Asia-Pacific Loan Market Association conference yesterday. “At some point there’s going to be a reckoning for that."
When this last happened, the government was able to bail out the state-managed banking system. But that was during a time of rising trade and trade surpluses.
'China Defaulting Loans Soar, Insolvency Lawyer Says' - Bloomberg; Smith
China’s government is tightening controls, including banks’ reserve ratios, to prevent record lending from fueling inflation. The Shanghai office of the China Banking Regulatory Commission warned yesterday that a 10 percent fall in property values would treble the number of delinquent loans in the city. Liu Mingkang, chairman of the CBRC, said Jan. 4 that loans were channeled into stock and property speculation last year, which China has been taking measures to stop. CBRC’s press officer is not immediately available for comment today.
Chinese banks issued a record 9.6 trillion yuan ($1.4 trillion) of new loans last year as part of a 4 trillion yuan stimulus package aimed at bolstering growth through the global financial crisis.
Bad Loan Ratio
New loans last year helped ignite a Chinese real-estate boom, with prices in 70 cities rising at the fastest pace in 18 months in December.
Should property prices fall 10 percent in Shanghai, China’s second-most-expensive property market, the ratio of delinquent mortgages would almost triple for the city’s banks to 1.18 percent, according to the Shanghai branch of the CBRC yesterday, citing a stress test based on Sept. 30 figures. A 30 percent decline would cause the ratio to jump almost fivefold, the agency said.
Fitch Ratings said Dec. 17 that Chinese banks’ capital strength is probably more “strained” than it appears as lenders use more off-balance sheet transactions to make room for loans.
It was the first time the CBRC announced estimates for how much a property-market slump in Shanghai would hurt banks, underscoring the government’s concern that real-estate speculation may spur bad debts.
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The reality of REAL-Estate in China. Inflation numbers in China will be out soon and if you are still gung-ho on holding onto this baby-GOOOD Luck!
shorted at 45c...ecpect to drop below 40c soon!
yummygd ( Date: 08-Feb-2010 09:43) Posted:
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think ying li has settled...whats your take
thanks a million haha now will go read good luck to all...
Good morning my friend. Look under the topic/thread "Correction in a Rising Trend", it was posted yesterday. BTW, the Singapore futures are up, mkt should open about 10 points up. HK futures are hovering between zero and slightly -ve. China futures are not yet open. We should be seeing range trading today. Good luck today.
yummygd ( Date: 08-Feb-2010 08:36) Posted:
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how do i get to the posting??smarttrader's posting?? thanks
blackstreams ( Date: 07-Feb-2010 22:32) Posted:
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thanks blackstream that will clear the air. Now we know why it was suspended.
By the way, smarttrader posted a very good article about the current correction, filled with reasonable observations under the topic "correction in a rising trend". Have a read. Skies are filled with only grey clouds :).
Yingli was temporarily suspended from trading in Oct 2008 cuz it breached the SGX regulations that at least 15% of all shares must be held by members of public. Don't think we need to get too worried. I'd constantly post bad news too, if I were looking to short the stock. Cheers.
yummygd ( Date: 07-Feb-2010 17:16) Posted:
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sorri, i m clueless too ...nt vested..any one can advice..
trader when was it suspended??? pls advice thanks. and reason for suspension??
taybc1071 ( Date: 07-Feb-2010 12:39) Posted:
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Although this counter continues to drop day after day since all the (bad) news coming out of a likelihood for loan curbing, interest rate increase by the China Authority, some bad new from USA and recently from Europe, I believe it is still a good stock.
Of course any thing can be possible even for a suspension, but I really doubt so. I think once all these so called relevant news have subsided, it will most likely move up and may be even stronger than before and reach a greater height. Just be patience and look out for opportunity.