JCY will reduce size of IPO.

Aussie employment change handily beats expectations. AU rallying

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Added on February 11, 2010, 8:36 amBy Joyce Koh and Soraya Permatasari
Feb. 11 (Bloomberg) -- JCY International Bhd.’s owner reduced the size of an initial public offering of the Malaysian supplier of components for Western Digital Corp., a person with direct knowledge of the matter said.
YKY Investments Ltd. sold about 383 million JCY shares to institutional investors, 19 percent less than it had initially planned to sell, the person said, declining to be identified.


This post has been edited by AdamG1981: Feb 11 2010, 08:36 AM

By Jacob Greber
Feb. 11 (Bloomberg) -- Australian employers added workers for a fifth straight month in January.
The number of people employed rose 52,700 from December, the statistics bureau said in Sydney today. The median estimate of 21 economists surveyed by Bloomberg News was for a gain of 15,000. The jobless rate was 5.3 percent.

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Added on February 11, 2010, 8:37 amNot much interest in ipos lately due to market sentiment

This post has been edited by AdamG1981: Feb 11 2010, 08:37 AM

BHP - Tricky in terms of valuations.

In terms of its business, it needs to commit to a very high capex and also depends on the velocity of money created in China. In other words, the earnings is very dependent on China's thirst for iron ore. And if China is tightening, BHP is on the backfoot because analysts do not have a reliable computer model to determine the declining rate of money supply and growth in China. The risk here is political policy and monetary policy. PBOC might say easy , loose, or whatnot but the fact of the matter is PBOC is making life difficult for BHP.

Yeah, thats if China continues the binge lending. China's CPI and money supply data will be released later around 10

No one buying osk??

LOL.....

Feb. 11 (Bloomberg) -- China’s January new loans stood at
1.39 trillion yuan, the central bank said.

By Bloomberg News
Feb. 11 (Bloomberg) -- The People’s Bank of China sold three-month bills at a yield of 1.4088 percent, unchanged for a third week, according to traders at Industrial and Commercial Bank of China Ltd and CITIC Securities Co.
China’s central bank last allowed the three-month bill yield to rise twice last month. It offered 30 billion yuan ($4.4
billion) of the securities at today’s auction.

Please be informed that the following dates are the upcoming public holidays observed in the respective countries:
Country Date Occasion Additional Day Off Resume Business
Malaysia
Sunday, 14 Feb 2010
Monday, 15 Feb 2010
Chinese New Year Tuesday,16 Feb 2010 17 February 2010
(Wednesday)
Singapore
Sunday, 14 Feb 2010
Monday, 15 Feb 2010
Chinese New Year Tuesday,16 Feb 2010
17 February 2010
(Wednesday)
Indonesia Sunday, 14 Feb 2010
Chinese New Year

- 15 February 2010 (Monday)
China
Sunday, 14 Feb 2010
Monday, 15 Feb 2010
Tuesday,16 Feb 2010

Lunar New Year

- 17 February 2010
(Wednesday)


Hong Kong

Sunday, 14 Feb 2010
Monday, 15 Feb 2010
Tuesday,16 Feb 2010
Lunar New Year


- 17 February 2010
(Wednesday)


Cambodia
No Public Holiday

OSK weekly chart. A beautiful hammer.

HUAT HUAT HUAT!

GO OSK GO

Go look at the daily chart, see how OSK rebounded off the 200 sma. Aiming for 1.25

OSK is a strong fundamental company. Those who are long term holders will be rewarded.

Those who have IRCB, better be careful. Chart is showing a potential drop below 1

Breaking news


By John Fraher
Feb. 11 (Bloomberg) -- Euro region finance ministers agreed they would take “determined and coordinated action” to help Greece, Reuters said, citing an unidentified European Union official.
The package for Greece will use International Monetary Fund expertise, though it won’t draw on IMF money, Reuters said.

HOWDY !

Whats up guys?? Waiting for Euro Press announcement?

Nope, went back in jan.

Euro zone stopped short of aid measures for Greece.

Merkel is singing Pink's Funhouse.

This used to be a funhouse
But now it's full of evil clowns
It's time to start the countdown
I'm gonna burn it down down down
I'm gonna burn it down

Theres always a song to describe an event in life

MORNING!