Genting - very simple, valuation.

Genting International revenue is under questioned now.

a) With China slowing down, there will be less newly printed yuan coming to Singapore.

b) Competition with Sands Singapore and Macau.


So why do one still buy Genting SP at such high valuations when there's no earnings visibility?

Never underestimate your competitor, especially those who are in the business for a very long long long time

FTSE just turned green

HUAT HUAT HUAT!

Tomorrow is the 8th day of CNY. HUAT AH!!!

Will Shanghai down with the kauness or UP with the kauness tomorrow?

Green for aussie and japan trading session

And the profit taking begins with the earnest

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Added on February 22, 2010, 9:33 amYou guys are advised to take further profit as PBOC might raise yield on its repo operations with its primary dealers.



This post has been edited by AdamG1981: Feb 22 2010, 09:33 AM

Further short la...PBOC will announce sale of 1 yr bill soon enough

Supermax too high, and rubber price behaves too parabolically for my liking

Dreaming....

The fact is, when analysts come out with such high numbers, usually its time to sell.

Thats the problem, if EPS doesnt grow fast enough to play catch up with its own valuation, then its overbought.

Now the h1n1 fear is over, well at least temporarily, and rubber prices are way too high to justify. I see rubber demand falling off as we approach 2nd half of the year

I realized that no one shares this thoughts with me. Dont you guys think that after CNY, China will be more aggressive in managing its peoples' inflation expectations?

Maybe China will give us another "surprise" after HK closing.

After CNY, the Chinese government and PBOC have the incentive to reduce the CIC (currency in circulation) and liquidity to further suppress inflation expectations. So normally, i would sell instead of buying

This post has been edited by AdamG1981: Feb 22 2010, 11:38 AM

As of now? Keep cash

Two words: Greed kills

Still dont want to take profit?

By Bloomberg News
Feb. 22 (Bloomberg) -- China’s central bank will sell 17 billion yuan of one-year bills tomorrow, it said in a statement posted on the Web site.

FTSE red.

Did i mention today that China will sell its 1 year bill tomorrow? 17 billion worth.

PBOC is conducting its monetary operations called repurchase agreements, or REPOS. What happen is, PBOC sells its bonds to primary dealers at an agreed yield for PBOC to buy back at the later date.

Lets say tomorrow yield is 2.00% for 365 days (1 year) So, the higher the yield, the monetary policy will shift to a tightening policy as money supply decreases.