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Latest Posts By teeth53 - Supreme      About teeth53
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12-Mar-2011 15:05 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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http://www.marketwatch.com/story/newsviewer

Some latest news coming out from Japan...Since Fuel may be damaged at Japan nuclear plant: report
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12-Mar-2011 14:42 Insider Info/Tips   /   Egyptian Bear Is Here ....       Go to Message
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Yes, it's truth....in Japan case, early preparation, as far as Japan is concern...the earlier the better.

http://globalpublicsquare.blogs.cnn.com/2011/03/11/a-crisis-expert-explains-japan/?hpt=T1

A crisis expert explains the earthquake in Japan--



Obviously, this is a monumental challenge and thankfully, the Japanese  were well-prepared.......

Post by:

iPunter      ( Date: 10-Mar-2011 09:11) Posted:

If balancing act is made much earlier, then it would be much more effective...  Smiley

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12-Mar-2011 13:39 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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  DOW Friday’s Close: http://money.cnn.com/data/markets/
  • Dow +59.79 pt to closed at 12,044.40 points or +0.50%

" On tomorrow (is refering to Friday trade)  STI drop may hint on DOW traded indicator. still an initial fall of 40-50 points may be possible, B4 picking up again...to closed higher, for Friday--11-03-2011, still above STI 3,000.

Chart For Straits Times11-03-2011. Friday. STI did drop to a low of 3,024.17 pt (see chart, by -51.27 pt, in d 90minutes following news of d Japan earthquakeas pointed out in ST paper (sat--12-02-2011) b4 closing @3,043,49 points, down by -31.95 pts or 1.04%  from it previous closing of 3,075,44 points

Damaged is largely contained, oil prices is manageable and China inflation is staying flat 4.9%  in Feb 2011. http://sg.news.yahoo.com/chinas-february-inflation-steady-4-9-percent-20110310-181110-782.html _ylt=AiClXdoir7T_GgxB6RhV.nOT.9h_ _ylu=X3oDMTNhN2UzcXNtBHBrZwMwYjJiNTM2ZS0xNjdmLTNmODAtYjNlZi1jNGE1NTZhMjg5NzIEcG9zAzU1BHNlYwNNZWRpYVRvcFN0b3J5BHZlcgMxNzkwZTQyMC00Yjg1LTExZTAtYmZmZi0zYzA4MTc4YzBkYjE- _ylg=X3oDMTFjaTBvcG51BGludGwDc2cEbGFuZwNlbi1zZwRwc3RhaWQDBHB0A3NlY3Rpb25zBHRlc3QD _ylv=3

teeth53 thot: thing to note--Despite bad news  on Japan worst earthquake, 8.9-magnitude quake. 

Despite posting decent gains during Friday's session, stocks finished a choppy week of trading lower, as investors remained on edge in the wake of a massive earthquake and tsunami in Japan that have added to concerns over conflict in North Africa and the Middle East.  More

teeth53 sharing my thot-- Don bet on DOW, esp on STI going down to 2,900 very soon, refering to following posted on betting DOW will go down posted by forumer..." My bet on Dow to go down is correct...It mean...STI going to be below 2900 very soon...Take care!"
 
Each players  has and everyone has it own inter-independence mind. Since it mean--DOW did't go down, but up, in others word...Its mean  =ly correct to said so, nothing is wrong with that or right nor it is ugly.
Please do respect the market, and not market is always right.
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12-Mar-2011 11:54 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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" Today closing closing below STI  3050...mean that STI  very soon it will be below 2900."
  • Dow +59.79 pt to closed at 12,044.40 points or +0.50%
  • teeth53 thot: thing to note--Despite posting decent gains during Friday's session, stocks finished a choppy week of trading lower, as investors remained on edge in the wake of a massive earthquake and tsunami in Japan that have added to concerns over conflict in North Africa and the Middle East.  More


teeth53      ( Date: 12-Mar-2011 00:58) Posted:



Japan earthquake maybe blessing  turn disguise....whenever there is disaster it means rebuilding and more business  plus alot of other stuffs...and

if tonight Dow stays put or up....STI Monday will look to Hang Seng, may hav good chance for rebound.

Dow is oni down or little changed  by -20 points after almost two hours of trading...

http://money.cnn.com/

Isolator      ( Date: 12-Mar-2011 00:44) Posted:

Today closing closing below 3050... mean that very soon it  will  below 2900.... Take care!


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12-Mar-2011 00:58 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Japan earthquake maybe blessing  turn disguise....whenever there is disaster it means rebuilding and more business  plus alot of other stuffs...and

if tonight Dow stays put or up....STI Monday will look to Hang Seng, may hav good chance for rebound.

Dow is oni down or little changed  by -20 points after almost two hours of trading...

http://money.cnn.com/

Isolator      ( Date: 12-Mar-2011 00:44) Posted:

Today closing closing below 3050... mean that very soon it  will  below 2900.... Take care!

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12-Mar-2011 00:17 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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Dow...meanwhile INVESTORS NERVOUS AFTER QUAKE 

(CNNMoney) -- U.S. stocks were little changed at Friday's open, as news of a massive earthquake and tsunami in Japan added to concerns over conflict in North Africa and the Middle East.

March 11 (Reuters). SE Asia Stocks-Japanese earthquake spurs late selling - Major Southeast Asian stock mkts fell more than 1% on Friday as a massive earthquake hit Japan and fuelled late selling in markets already jittery about the unrest in oil-producing countries.

http://sg.news.yahoo.com/record-quake-unleashes-tsunami-japan-20110311-054429-838.html

The tsunami of 10 metres (33 feet) hit near Sendai city where a tide of black water sent shipping containers, cars and debris crashing through streets and across open farmland, destroying everything in its path.

The government said the tsunami and quake, which was felt in Beijing, some 2,500 kilometres (1,500 miles) away, had caused " tremendous damage" while aerial footage showed massive flooding in northern towns.

A tsunami warning has been issued for the entire Pacific basin, following the Japanese earthquake.

" The earthquake, 8.9-magnitude quake  after hitting Japan brings more negative market sentiment," Among the losers are Asian exporters to Japan were worried by  this latest setback to Japan's economy, while airline firms fell on fears of a drop in tourist numbers. " In general, however.

it might affect resources and commodity stocks. Some listed resources stocks export heavily to Japan."

Most regional markets posted losses for the week, reversing last week's gains, as investors worried by external factors, would increase inflationary pressure and hurt emerging economies.

Singapore's STI  hovered around two-wk lows, with most others around a one-wk low on  news of the earthquake in Japan this afternoon sent all markets lower and the STI is no exception.

(Source--thomsonreuters.com))

Things to take note: Huge tsunami slams Japan, sweeps across Pacific basin. External factors will continue to influence the market's direction next coming  week

Others related--
  • World markets fall after Japan's quake
  • Google tool helps quake victimsFortune
  • Oil prices fall below $100



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    11-Mar-2011 23:35 Insider Info/Tips   /   Egyptian Bear Is Here ....       Go to Message
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    http://sg.news.yahoo.com/libyan-rebels-fight-back-west-divided-20110311-050802-148.html

    Fighting in Ras Lanuf, a key oil hub in eastern Libya now the frontline in a bloody uprising against Kadhafi, flared again Friday after a fierce battle the day before, rebels said.

    Britain and France have a draft resolution in hand to put to the UN Security Council for an air exclusion zone over the oil-rich country. But the council remains split on the issue and

    At two-day NATO defence ministers' talks that began Thursday, the alliance agreed to send more ships towards Libya's coast but it delayed any decision on imposing a no-fly zone, saying clear UN approval for military action was needed first.

    French President Nicolas Sarkozy said ahead of the EU summit that France and Britain favour targeted strikes in Libya if Kadhafi uses chemical weapons or air strikes against his people. But he and Britain Premier David Cameron were " ready on condition that the UN wishes, so d  Arab League accepts and the Libyan opposition agrees, for targeted actions if uses chemical weapons or air strikes against peaceful citizens," meanwhile...

    The US announces it will soon send civilian humanitarian aid teams into opposition-held eastern Libya, but stresses the step should not be seen as a military intervention.

    Libyan rebels appealed for arms as they Friday sent fighters into battle against Moamer Kadhafi's advancing forces, as France and Britain urged targeted strikes in the oil-rich country.

    Sarkozy said Paris had " many reservations" on military or NATO intervention in Libya " because Arab revolutions belong to Arabs."

    teeth53      ( Date: 10-Mar-2011 23:30) Posted:



    It mean escalating new and getting more intensify battle for rebellion, action may speak louder then word liao.:(

    http://sg.news.yahoo.com/libya-live-report-20110310-014745-053.html

    1439 GMT: Libyan leader Moamer Kadhafi has " tens of billions" of dollars in cash hidden in Tripoli, which allows him to battle an uprising despite an international freeze on Libyan assets, the New York Times reports.

    The newspaper, citing US and foreign intelligence officials, said Kadhafi's cash -- in US dollars, Libyan dinars and possibly other foreign currencies -- is stored at the Libyan Central Bank and other banks around Tripoli.

    The cash hoard is vast enough for Kadhafi to comfortably pay his troops, African mercenaries and his political supporters.

    The same source told The New York Times that the Kadhafi regime had hired between 3,000 to 4,000 mercenaries from sub-Saharan Africa and was paying them $1,000 a day each. US officials however could not confirm the numbers of mercenaries or the amount they were paid.

    1435 GMT: NATO Secretary General Anders Fogh Rasmussen says " time is of the essence" in the Libya crisis and the alliance stands ready to act if there is a clear mandate.

    iPunter      ( Date: 10-Mar-2011 06:23) Posted:



    You must also understand that that Gardaffi cannot afford to to be defeated so easily...

          That's why he needs to win in this conflict by all means...

                    But no matter what, there will be a lot of opportunities

                            for stock traders all around the world...  Smiley


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    10-Mar-2011 23:48 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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    This DOW sell down is not that great...it will hav to see what happen end of the day for DOW.

    STI has drop today, so tomorrow STI drop may hint on DOW traded indicator. still an initial fall of 40-50 point may be possible, B4 picking up again...to closed higher, Friday--11-03-2011, still above STI 3,000.

    Today (Thurs)  it closed. STI 3,075.44 points, down 17.46 pt.

    Just sharing my personal observation, welcome--feel free to differential.

    hpong5      ( Date: 10-Mar-2011 23:31) Posted:

    Wow! BIG SELLDOWN!!!

    Isolator      ( Date: 10-Mar-2011 23:22) Posted:

    My bet on Dow to go down is correct... It mean... STI going to be below 2900 very soon.... Take care!


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    10-Mar-2011 23:30 Insider Info/Tips   /   Egyptian Bear Is Here ....       Go to Message
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    It mean escalating new and getting more intensify battle for rebellion, action may speak louder then word liao.:(

    http://sg.news.yahoo.com/libya-live-report-20110310-014745-053.html

    1439 GMT: Libyan leader Moamer Kadhafi has " tens of billions" of dollars in cash hidden in Tripoli, which allows him to battle an uprising despite an international freeze on Libyan assets, the New York Times reports.

    The newspaper, citing US and foreign intelligence officials, said Kadhafi's cash -- in US dollars, Libyan dinars and possibly other foreign currencies -- is stored at the Libyan Central Bank and other banks around Tripoli.

    The cash hoard is vast enough for Kadhafi to comfortably pay his troops, African mercenaries and his political supporters.

    The same source told The New York Times that the Kadhafi regime had hired between 3,000 to 4,000 mercenaries from sub-Saharan Africa and was paying them $1,000 a day each. US officials however could not confirm the numbers of mercenaries or the amount they were paid.

    1435 GMT: NATO Secretary General Anders Fogh Rasmussen says " time is of the essence" in the Libya crisis and the alliance stands ready to act if there is a clear mandate.

    iPunter      ( Date: 10-Mar-2011 06:23) Posted:



    You must also understand that that Gardaffi cannot afford to to be defeated so easily...

          That's why he needs to win in this conflict by all means...

                    But no matter what, there will be a lot of opportunities

                            for stock traders all around the world...  Smiley


    Salute      ( Date: 10-Mar-2011 00:55) Posted:

    not only mad but very sick dog. it reflects on his face somehow.


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    10-Mar-2011 23:00 Genting Sing   /   Traders Lounge - Daily opportunities for everyone       Go to Message
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    10-03-2011 21:10:32
    Nordea seizes 2 Korea Line vessels to secure loan

    * Nordea confirms has had two Korea Line ships impounded
    * Says loan held by two bank syndicates is worth $144 mln
    * Nordea says it expects a minimal loss, if any

    By Ole Mikkelsen
    COPENHAGEN, March 10 (Reuters) - Nordic banking group Nordea has arranged the seizure of two product tankers that belong to bankrupt Korea Line to secure a loan of $144 million, a senior Nordea executive said on Thursday. Korea Line, South Korea's second-biggest dry bulk shipping line, filed for bankruptcy protection in January after struggling with high-cost charter contracts amid the plunge in freight rates in the economic downturn. Ivar Hansson Myklebust, Nordea's ship finance chief in Denmark, confirmed Nordea has had the vessels seized at ports in San Francisco and Houston. " Our exposure is not a very large part (of the total loan),"
    he said, but declined to say how many banks were involved in the two syndicates or what Nordea's share of the loan is. " We expect a loss, if any, from our relationship with Korea Line Singapore to be minimal," Myklebust said. Korea Line Singapore is a subsidiary of Korea Line.

    ((ole.mikkelsen@thomsonreuters.com +45 3396 9655 Reuters
    Messaging: ole.mikkelsen.reuters.com@reuters.net))


    muifan      ( Date: 10-Mar-2011 21:12) Posted:



    Based on today's performance,

    I can sense a tsunami coming for many counters tmr...esp NOBLE , STXOSV, GAR

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    10-Mar-2011 22:48 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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    teeth53 thot--Red for Friday trading (tomorrow)  in STI index.

    Mar 10 8:48am--U.S. stocks were poised to follow overseas markets lower Thursday, after China reported a surprise trade deficit and Spain's credit rating was lowered one notch.  More

    MarketsOverview

    Data as of 9:41am ET Thursday’s Trading:
    • Dow      -189.79 pt to      12,024.30 points      (-1.55%)


    teeth53      ( Date: 10-Mar-2011 18:45) Posted:



    STI Stocks--Renewed oil jitters send  most counter  markets lower

    * Sentiment weak due to unrest in Libya
    * Chinese trade data, euro zone debt troubles add to worries

    but the climb in global oil prices boosted demand for selected energy stocks.  Risk-averse investors stayed on the sidelines, pulling trading volume in most markets below the 30-day average, be'cos
    of worries  over high oil prices would add to inflation problems and put economic recovery in the region at risk.

    " The growing risk from oil prices will keep regional sentiment bearish. People will invest defensively and equity markets should see volatility." Commodity stocks was  hit  Noble Group among the worst hit, down 3.3 percent or 0.07 cents to $2.07c

    Many Asian bourses fell as weak Chinese trade data added to growth fears, while investors were reminded about the euro zone's sovereign debt problems after Portugal saw its debt costs soar and Moody's downgraded Spain.

    With high oil prices, fuelling worries about global economic growth, Despite the uncertainty, most Southeast Asian stock markets have reported net foreign inflows this week as the region's valuations helped lure buyers to selected sectors. 

    We maintain our positive view for large banks in a rising rate environment and tightened deposit competition," it said in a research note dated March 9. 

    Source--thomsonreuters.com@reuters.net


    teeth53      ( Date: 09-Mar-2011 22:55) Posted:



    SE Asia Stocks-Small gains in places, defensive stocks favoured

    * Defensives such as telecoms bought, given uncertainty
    * Energy shares retreat as oil prices fall back

    Some Southeast Asian bourses posted small gains on Wed but investors remained wary of
    turmoil in the Middle East. Region has rebounded since late Feb, most now hovering around multi-week highs.

    They were seen as big beneficiaries of rising interest rates and led the sector's rise this week. Energy shares fell as Brent crude dropped for a third day after reassurances from OPEC members of ample spare capacity, which eased worries about lower output from Libya, the world's 12th-largest oil exporter.

    Thomson Reuters Datastream shows. The MSCI indexes of other Southeast Asian bourses carry forward valuations of 12-14 times. (Source Reuters)

    teeth53 thot: Thing to take note tis week  for remained trading day--China  rising interest rates.




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    10-Mar-2011 22:32 Insider Info/Tips   /   Egyptian Bear Is Here ....       Go to Message
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    http://sg.finance.yahoo.com/news/China-Will-GIVE-AWAY-More-siliconalley-455711058.html?x=0

    China Will GIVE AWAY More Homes This Year, Than Were Sold All Of Last Year

    Last year Chinese developers sold 9 million new homes. This year the government plans to build 10 million low-cost public homes, and for the first time public supply will exceed private supply, according to The Standard.

     

    Obviously that's a big threat to demand. Along with a weekend speech by Wen Jiabou pledging " resolutely" to press ahead with the war against speculators and the accumulation of many legal changes.

    Home prices may finally be coming down. People's Bank of China says it expects a 5 -10% drop this year

    Still, Shanghai property index hasn't fallen much since last spring, as investors doubt the government is serious.

    teeth53 thot--It is better late then never. (Saudi did it and now China is starting it) Those doubtful may get burnt.

    iPunter      ( Date: 10-Mar-2011 09:11) Posted:

    If balancing act is made much earlier, then it would be much more effective...  Smiley

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    10-Mar-2011 18:45 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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    STI Stocks--Renewed oil jitters send  most counter  markets lower

    * Sentiment weak due to unrest in Libya
    * Chinese trade data, euro zone debt troubles add to worries

    but the climb in global oil prices boosted demand for selected energy stocks.  Risk-averse investors stayed on the sidelines, pulling trading volume in most markets below the 30-day average, be'cos
    of worries  over high oil prices would add to inflation problems and put economic recovery in the region at risk.

    " The growing risk from oil prices will keep regional sentiment bearish. People will invest defensively and equity markets should see volatility." Commodity stocks was  hit  Noble Group among the worst hit, down 3.3 percent or 0.07 cents to $2.07c

    Many Asian bourses fell as weak Chinese trade data added to growth fears, while investors were reminded about the euro zone's sovereign debt problems after Portugal saw its debt costs soar and Moody's downgraded Spain.

    With high oil prices, fuelling worries about global economic growth, Despite the uncertainty, most Southeast Asian stock markets have reported net foreign inflows this week as the region's valuations helped lure buyers to selected sectors. 

    We maintain our positive view for large banks in a rising rate environment and tightened deposit competition," it said in a research note dated March 9. 

    Source--thomsonreuters.com@reuters.net


    teeth53      ( Date: 09-Mar-2011 22:55) Posted:



    SE Asia Stocks-Small gains in places, defensive stocks favoured

    * Defensives such as telecoms bought, given uncertainty
    * Energy shares retreat as oil prices fall back

    Some Southeast Asian bourses posted small gains on Wed but investors remained wary of
    turmoil in the Middle East. Region has rebounded since late Feb, most now hovering around multi-week highs.

    They were seen as big beneficiaries of rising interest rates and led the sector's rise this week. Energy shares fell as Brent crude dropped for a third day after reassurances from OPEC members of ample spare capacity, which eased worries about lower output from Libya, the world's 12th-largest oil exporter.

    Thomson Reuters Datastream shows. The MSCI indexes of other Southeast Asian bourses carry forward valuations of 12-14 times. (Source Reuters)

    teeth53 thot: Thing to take note tis week  for remained trading day--China  rising interest rates.



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    10-Mar-2011 17:19 Others   /   News break: SGX listing for Hutchison Whampoa IPO       Go to Message
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      Institutional investors--starting of with a buy from US$0.99cents.....Price likely at maximum of range (less " meat" left, still got abit kopi O oni) 

     

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    10-Mar-2011 09:27 Dyna-Mac   /   Since ipo @0.35c stake holder forum       Go to Message
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    Focusing on oneself on how accurate can be and or how much oneself can achive in accuracy.

    Is good, don do it to often, simply many don like to hear bad or appreciated, oni like to hears the good part, many  often choose to dis-regards and or even condemming such articular info.
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    10-Mar-2011 09:09 Insider Info/Tips   /   Egyptian Bear Is Here ....       Go to Message
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    teeth53 thot: First with Saudi $37 billion to uplift poverty, now China is oso following Singapore style of managing it policies of managing a balancing act.

    http://www.channelnewsasia.com/stories/afp_asiapacific/view/1115278/1/.html

    BEIJING: China will invest around $200 billion this year in affordable housing, a senior official said Wed, as Beijing struggles to address mounting public concern over runaway property prices.

    The country will spend more than 1.3 trillion yuan to build or renovate 10 million apartments for low-income households this year, Qi Ji, a vice minister of housing and urban-rural development, told reporters.

    Governments at all levels will provide more than 500 billion yuan of the total investment, with the remaining funds to be raised from companies and families who will benefit from the programme, he said at a new conference.

    Authorities will introduce favourable policies such as loans, subsidies and tax incentives to support the construction of the apartments, he said.

    " With the current financing channels and the support of new policies, I believe it is completely viable that we can accomplish the task of building 10 million low-income apartments," Qi said.

    State media however have reported that the government fell short of last year's target of building 5.8 million affordable dwellings.

    China's soaring property prices, combined with stubbornly high consumer prices in recent months, have become a source of anxiety for the public and top leaders, who are fearful of inflation's potential to spark social unrest.

    Premier Wen Jiabao, in a " state of the nation" speech to open the country's annual parliamentary session on Saturday, vowed his government would work harder to address public concerns over a string of problems including a growing income disparity and surging house prices.



    teeth53      ( Date: 07-Mar-2011 09:19) Posted:

    I was thinking, Saudi king kakis and or his deputy prompted some good advise to him, after witnessing Middle East turmoil under current now creating havoc.

    Now parting US$37 billion for up lifting it own citizens, too sudden, too much and too soon or just a bit late. All B'cos been terrified been too rich and  doing too little  for the  poor.

    Unlike Singapore, we keep highlighting of our widering income gap between the richest and the poorest. So we can do it, still more can be done to allevate and up lift provety.   

    iPunter         ( Date: 24-Feb-2011 00:18) Posted:

    I can't catch what you mean...  Smiley
    Now parting US$37 billion for up lifting it own citizens, too sudden, too much and too soon or just a bit late. All B'cos been terrified been too rich and  doing too little  for the  poor.

    Unlike Singapore, we keep highlighting of our widering income gap between the richest and the poorest. So we can do it, still more can be done to allevate and up lift provety.   

    iPunter         ( Date: 24-Feb-2011 00:18) Posted:

    I can't catch what you mean...  Smiley

    teeth53         ( Date: 24-Feb-2011 00:11) Posted:

    After reading a few lines...on king gift, look like carbon copy of what we are doing...!!!. Likely has MM-LKY, SM-Goh  and PM-LHL blessing, so sudden....?.

    China did that  when belated Teng visited Singapore n  invited our belated Dr Goh Keng Swee

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    09-Mar-2011 23:05 Insider Info/Tips   /   Egyptian Bear Is Here ....       Go to Message
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    Latest news--pipe line....kena blown. Huge smoke seen from afar..

    Libya: live report

    AFP - 35 minutes ago. 1420 GMT: More detail from our correspondent in Ras Lanuf.


    He tells us a huge fire could be seen raging in the area of an oil facility. Every few minutes, another ball of flame shoots into the sky, he said.

    Ali al-Aguri, an oil company mechanic who works at another plant further away told him: " I know for sure that what they blew up was an oil pipe. I know the whole line by heart," he said.
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    09-Mar-2011 22:55 Straits Times Index   /   STI to cross 3000 boosted by long-term investors       Go to Message
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    SE Asia Stocks-Small gains in places, defensive stocks favoured

    * Defensives such as telecoms bought, given uncertainty
    * Energy shares retreat as oil prices fall back

    Some Southeast Asian bourses posted small gains on Wed but investors remained wary of
    turmoil in the Middle East. Region has rebounded since late Feb, most now hovering around multi-week highs.

    They were seen as big beneficiaries of rising interest rates and led the sector's rise this week. Energy shares fell as Brent crude dropped for a third day after reassurances from OPEC members of ample spare capacity, which eased worries about lower output from Libya, the world's 12th-largest oil exporter.

    Thomson Reuters Datastream shows. The MSCI indexes of other Southeast Asian bourses carry forward valuations of 12-14 times. (Source Reuters)

    teeth53 thot: Thing to take note tis week  for remained trading day--China  rising interest rates.


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    09-Mar-2011 22:37 Passion   /   Passion       Go to Message
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    Mar 09 2011    10:29:58 PM
     
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    09-Mar-2011 22:31 Others   /   News break: SGX listing for Hutchison Whampoa IPO       Go to Message
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    Hutchison Port Holdings IPO oversubscribed.

    SINGAPORE, March 9 (Reuters) - Hutchison Port Holdings Trust's $5.8 billion S'pore initial public offering has been over subscribed and the institutional book will close a day ahead of schedule on Thursday, two sources with knowledge of the deal said. " This shows the demand is very strong," one of the sources told Reuters on Wednesday. " The book is closing tomorrow."

    The port trust is a unit of Hong Kong tycoon Li Ka-shing's Hutchison Whampoa < 0013.HK> and is pursuing the multi-billion dollar listing to cash in on a recovery in global trade and provide investors with access to China's booming infrastructure business.

    DBS , Deutsche and Goldman Sachs are the lead managers for the IPO, which could be Southeast Asia's biggest. The company was not available to comment, while the banks declined to comment.

    (Reporting by Charmian Kok and Saeed Azhar Editing by Louise Heavens)
    ((charmian.kok@thomsonreuters.com)(+65 6403 5666)(Reuters)
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