MACD Cross Below 0 Line

MAYBANK-JA
SPSETIA-WB
KLCI
BURSA-CO
YUNKONG-WA
GENTING-CV
DRBHCOM-CB

Cross Below 100 SMA

MUDAJYA-CB
TGOFFS-WB

Gap Down

BJCORP-CA
PARKSON-CA
MEDIA-WB
KNM-CE
TM-CM
PROTON-CF
DRBHCOM-CB
MHB-CA
MHB-CC
AIA-C2
GAMUDA-CO
DRBHCOM-CC
PETRA-WA
SIME-JA
IOICORP-JA
KSL
BORNOIL-WA
SPSETIA-WB


Strong Volume Gainer

ALAQAR
OLYMPIA-WA
HEXAGON-WA
HEVEA-WB
HWGB-WB
TIGER-WA
MPHB-JA
CPO1104
PRESTAR-WA
BURSA-CP


This post has been edited by mazda626: Feb 1 2011, 01:53 PM

Spsetia-WB.
What does Gap down mean?

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Added on February 1, 2011, 2:23 pmTotally agree!
Kind of matches with Buffet's saying "good company eventually will be reflected in its share price" thingy.

This post has been edited by yok70: Feb 1 2011, 02:23 PM

gap down means today's opening price is lower than yesterday closing price.
eg, yest close at rm1.00 but today open at rm0.90 and continue going down...
if u see the chart, there'll be a gap (10 cents) between yesterday's bar and today's bar...

OT a bit here. An inspiring article to share when market is not open today, many desperate investors (such as myself) are feeling so boring without the excitement of monitoring market.
I think our government should really think hard hard about how to improve human capital, in order to push our country to grow.

By NICHOLAS D. KRISTOF
Published: January 8, 2011
The New York Times

Hou Yifan, the new women’s world chess champion, is the youngest person, male or female, ever to win a world championship. Ms. Hou (whose name is pronounced Ho Ee-fahn) is an astonishing phenomenon: at 16, she is the new women’s world chess champion, the youngest person, male or female, ever to win a world championship. And she reflects the way China — by investing heavily in education and human capital, particularly in young women — is increasingly having an outsize impact on every aspect of the world.

Napoleon is famously said to have declared, “When China wakes, it will shake the world.” That is becoming true even in spheres that China historically has had little connection with, like chess, basketball, rare earth minerals, cyber warfare, space exploration and nuclear research.

This is a process that Miss Hou exemplifies. Only about 1 percent of Chinese play chess, and China has never been a chess power. But since 1991, China has produced four women’s world chess champions, and Ms. Hou is the one with by far the most promise.

At this point, I have to put my sensitive male ego aside. You see, Ms. Hou gamely agreed to play me after I interviewed her. She had just flown into Beijing after winning the world championship, and she was exhausted — and she shredded me in 21 moves.

Most dispiriting, when I was teetering at the abyss near the end of the game, her coach nudged her and suggested mischievously that we should switch sides. Ms. Hou would inherit my impossible position — and the gleam in her coach’s eye suggested that she would still win.

I protested that I could survive being beaten on the chess board by a schoolgirl. But to be toyed with, like a mouse by a cat — that would be too much. Ms. Hou nodded compassionately and checkmated me a few moves later.

At 14 she became the youngest female grandmaster ever. She’s still so young that it’s unclear just how remarkable she will become.

Women in general haven’t been nearly as good at chess as men, and the world’s top women are mostly ranked well below the top men — but Ms. Hou could be an exception. She is the only female chess player today considered to have a shot at becoming one of the top few players in the world, male or female.

Cynics sometimes suggest that China’s rise as a world power is largely a matter of government manipulation of currency rates and trade rules. But China has also done an extraordinarily good job of investing in its people and in spreading opportunity across the country. Moreover, perhaps as a legacy of Confucianism, its citizens have shown a passion for education and self-improvement — along with remarkable capacity for discipline and hard work, what the Chinese call “chi ku,” or “eating bitterness.”

Ms. Hou dined on plenty of bitterness in working her way up to champion. She grew up in the boondocks, in a county town in Jiangsu Province, and her parents did not play chess. But they lavished attention on her and spoiled her, as parents of only children (“little emperors”) routinely do in China.

China used to be one of the most sexist societies in the world — with female infanticide, foot binding, and concubinage — but it turned a corner and now is remarkably good at giving opportunities to girls as well as boys. When Ms. Hou’s parents noticed her interest in a chess board at a store, they promptly bought her a chess set — and then hired a chess tutor for her.
Ye Jiangchuan, the chief coach of the national men’s and women’s teams, told me that he played Ms. Hou when she was 9 years old — and was stunned. “I saw that this kid was special,” he told me, and he invited her to move to Beijing to play with the national teams. Three years later she was the youngest girl ever to compete in the world chess championships.

It will be many decades before China can challenge the United States as the overall “No. 1” in the world, for we have a huge lead and China still must show that it can transition to a more open and democratic society. But already in discrete areas — its automobile market, carbon emissions and now women’s chess — China is emerging as No. 1 here and there, and that process will continue.

There’s a lesson for us as well. China’s national commitment to education, opportunity and eating bitterness — those are qualities that we in the West might emulate as well. As you know after you’ve been checkmated by Hou Yifan.

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Added on February 1, 2011, 2:42 pmI see. Thanks!!

This post has been edited by yok70: Feb 1 2011, 02:42 PM

China people in the past ( long time ago ) did not invest much in share markets too.

Once they know to invest , one of them has the capacity ( pre qualified ) to take over the place of WB.

Li Lu, Hedge Fund Manager, May Help Berkshire Abroad

http://www.businessweek.com/news/2010-07-3...ire-abroad.html

This post has been edited by SKY 1809: Feb 1 2011, 02:54 PM

I cannot imagine how interesting Asian market can become by then. In fact, China has started some moves. Last year, they started their own international rating organization as they claimed that those existing rating companies should bare a big part of responsibility on last economic recession. When their funds (unit trusts etc) increase gigantically in coming future, the power in the East will be more and more a threat to the West. Looking at the interactions on Obama vs. Hu Jintao in recent meeting in the US, we can almost see the "same table same level" situation.

Well, China is still the process of creating more wealth, whereas US hits below the belt by " printing" lot more wealth through QE 1 & 2.

So who is the more capable.

Just matter of time b4 China can par with US. US can only try to drag the timeline unless something change inside US itself.

US financial wealth (company not the gov) is still 3x the size of China.

Haha..14 years old ord a grandmaster.When I was 14 years old, I am an still an ignorant kid that knows nothing. However, I am not sure whether this is a good example of investing in human capital. Like what we see with their other world champions, like Lin Dan and etc, they train very hard on the sports that they are supposed to be good at since young but very little emphasize is given to their formal education. For every Lin Dan, there are probably 10 others who do not make it, god knows how their life would be. Similar to this girl, whether she spend all her time playing chess only, we would not know.Chinese students in my university are amazingly smart, so smart that some of our Malaysian students who used to represent the country for various mathematics and science olympiad competition could not even compete with a "normal" Chinese students, just that the author perhaps use the wrong example for human capital development.

China in itself has an amazing macro backdrop. People are hungry, people want to make money. But, even with this growth, the government acknowledge that the people are still very poor (the majority of them, there are some ultra rich). Chinese working population will peak in 2015, they need to increase their labour efficiency soon, it is a fight of whether they get efficient first or they get old first. If they get efficient first, we will see China as the biggest economy in the world. If they get old first, then, India may be a better bet.

Political commentator tend to go with the flow so this type of article tend to appear. Yes, China is getting stronger, but, they have a lot of things to do and their own government know it. The economy is still very investment driven since the crisis, need to switch to a more consumption driven ones. Wages are predicted to increase double digits per annum for the next five years for blue collar workers, this is a good thing for the country. But,to say that China is 100% no.1, it is not that clear cut, mostly due to their demographics become older. There is always a dark horse in India which have a better macro story but they need to fixed their government which is perhaps as hard as China fixing their economic model.

BTW, with such a huge wealth creation, the next Warren Buffet should either come out of China or India.

This post has been edited by the snowball: Feb 1 2011, 06:21 PM

Thanks for your comments, definitely a great read, as usual from you (yes, i still remember you/your blog, although you come here very seldom).

My looking at training up plus appreciating human capital is more at the leadership position. We understand the majority of people is definitely not those who are studying in Stanford and MIT now, but the gigantic work force in China. However, we need advance leaders to create jobs. For example, if China has one great scientist who can make rocket, this science leader can create thousands of jobs for other "normal people" to make the rocket for China. The same thing applies to Lin Dan. Since China produce one badminton leader Lin Dan, it creates thousands of thousands of jobs by their badminton related industry as well as spiritual support from the love of their country on their citizen. All this is VERY IMPORTANT. In Malaysia, it's already a OLD OLD OLD topic to discuss about how government lack of sensitivity to realize how important it is to keep good "leaders" to work for the country. Most of the smartest leaders in various fields had given up and migrate and contribute their blessing talents to foreign countries.

My point is simple. 1 leader can create 1 million jobs in the country. Therefore, we need to find, educate, support and feed every potential future leaders.
I understand your point of "what about those who failed? pity those victims." Me too, I feel sad too to them. But, the choice is still up to them. It's a choice that they (or their parent) had made. This is life, a matter of making choices.


This post has been edited by yok70: Feb 1 2011, 10:41 PM

I beg to differ. Even in next 10 years, they will not surpassed USA. Remember, it is still a communist country, not democratic.
No argument here. If China can expand, so does India. Why forget?

There is a weekly preview on China vs India. Watch closely and you will learn a lot.

Q4, average spending of American is USD3,500 (source : Malaysian Reserve, January 26). This figure speaks for itself.

Remember, this is during the bad economy. If US economy recovers, simply the figures can multiply by 4-10times. Now, how can China compete with that?

This post has been edited by zamans98: Feb 1 2011, 11:44 PM

Using GDP figure to compare sometimes do not reflect the country strength.

I give an example. Both country has 10 people.

A country has 1 people earns 100k per annum, 9 earn 1k, total GDP 109k
B country has 10 people earn 10.9k, total GDP 109k

Which country is stronger in term of economy, the answer is B.

Another scenario
A country has 1000 people, GDP 1 million
B country has 100 people, GDP 500K

Which country is stronger in economy and consumption power
B

A per capita income 1k
B per capital income 5k

Your size of GDP can be bigger, if you have more population, but it is the per capital income that matter the most, not GDP number.

China economy size in term of GDP may surpass Japan, but Japan economy indeed stronger due to higher per capital income and higher consumption power.
China has >12 billion people, Japan 200 million plus, so there is nothing to cheer off when China GDP size bigger than Japan.
The one to cheer of is when per capital income surpass.

Until per capital income rise substantially, it is still long way China can turn the economy from export based on internal consumption based.
Until them, still rely heavily on export, when you rely heavily on export, then you depended on other particularly US to do well in order your economy growth.
Per capital income is the one, enable your citizen ability to spend more.

Until now, US economy size is still way large than China, be it GDP or per capital income.
It is long long way to go.

Also the disparity of rich and poor, can be widen in the process of economy growth, which even your economy growth a lot, per capital income improve, if bulk of your population doesn't enjoy the economy growth, instead most wealth fall into rich and lead to rich and poor gap widen, it is not something to cheer about.

my opinion, not in the next 10-15 years.

from an economics POV (Solow neoclassical exogenous model), China does not have the innovation yet. it has the labour, it has the capital, but there's only a finite level of expansion that the economy can grow at with just these 2 factors.

the US still has the bulk of innovation that usually explains for the residual (unexplained - apart from labour n capital) growth factors. Right now people are focusing on the real economic numbers (GDP, per capita income and all) but these only will affect a fraction of your growth equation/factors. the unexplained bit are things you cannot see of intangible value. China is still reverse-engineering their way up, which means its still quite low on the rungs.

you can see a drift in academics as in there are slightly more chinese academics, but still 95% of the worlds innovation is probably concentrated in the US.

just my view.

This post has been edited by teehk_tee: Feb 2 2011, 12:18 AM

Per capital income of US is USD 47K
China per capital income is around USD 8k

GDP US roughly 14 trillion
GDP China roughly 5 trillion.

The per capital income gap is still very big.

Do remember, a significant portion of China economy or GDP is contributed by US based company which use China as manufacturing base.

Btw, Malaysia per capital income is around USD 14~15k.

Yes, China has a lot of potential,
20-30 years down the road, may be, immediate next 10 years, not possible.
But one thing is that the widen income gap is not something healthy in term of economy to see.

A strong and healthy economy should close this gap as well.

very much agreed on all your points made in the 2 posts.

one more is domestic income inequality (can be measured thru Gini coefficient - but that itself has technical limitations) but just from churning through the statistics in China, it appears they still have a very big gap from poor to rich, which would take a while (around 6-10 years china speed) to resolve, and this also presents a lot of problems in inducing domestic consumption.

maybe in 2040 can see China as upcoming superpower, but .. i just feel even at 10% or an overheated/on steroids 15% GDP growth a year it still has a very long way to go to be able to catch up with the US.

(might be very wrong)

15% GDP growth can derail the economy, as inflation haunt you back, and potentially bubble bursting make the economy struggle afterwards.

haha, just making a point

If China GDP is 15%, I''ll be NET SHORT!!

The main point is Innovation as Mr. Tee said.
Look at Japan.
They have never innovated anything in their lives - probably never will.
Good at stealing, copying and improving others' ideas though.....

The other point is "value added". Right now, there is very little value added in China. Which is why the smarter operators are trying to buy or build brands. (e.g. Volvo or Haier).

It took LG/Samsung/Hyundai 30/40 years and billions of dollars of PR/Marketing to get to their worldwide status (such as it is).

China has a long way to go before it moves up the value chain - especially since there are so many quality/CSR/ethical issues.

I'd still put my money on it though...

This post has been edited by David_Brent: Feb 2 2011, 02:21 AM

Speaking of innovation and branding. Where is Malaysia? (or should i say, what is Malaysia?!).
And in reality, some of my smartest friends (capable doctors, engineers etc) who are still living here, are all planning to migrate as soon as they earn the capability financially to do so. Why? Because they had fed-up with the "dirty activities" especially after 308, that makes people furious and hopeless. 308 gives us hope, but at the same time, it also triggers more explosive dirty act to come out from the underground all the way to the bright sunlight. Now, dirty jobs come "official" and "not ashamed" (he suicide. what?!) Just care to WIN.

Sorry, OT too much! Sorry sorry.