Wazua
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Thinking Outside The box (Overseas Investment Series)
Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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Research Reports CS keeps Underweight for China oil & gas sector (Infocast News) On the official notification of the resource tax in Xinjiang put out by the tax bureau, Credit Suisse says in its research report that the tax provides exemptions for costs and quality and the effective tax rates are likely to be lower than 5%. Credit Suisse estimates that Sinopec Corp (00386) and PetroChina (00857) will have to pay about 3.5% and 4.5% resource tax in Xinjiang respectively, and the impact on 2011 EPS would be about 1% for Sinopec Corp and 2% for PetroChina. For CNOOC Limited (00883), the issue will arise when tax is rolled out to the rest of the country, the brokerage says. Credit Suisse maintains its "Underweight" rating for the China oil and Gas sector. The resource tax is assessed at 5% of sales and usage of hydrocarbons within the field are exempted from the tax. There is a 40% exemption for heavy oil, for gas with high sulphur content and for heavy tertiary oil. Credit Suisse prefers Sinopec Corp and PetroChina over CNOOC Limited within the China oil sector.The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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Market News Moody's affirms ICBC, CCB and BOC ratings (Infocast News) Moody's Investors Service has today affirmed the "A1/Prime-1" long- and short-term foreign currency deposit ratings of ICBC (01398), China Construction Bank (00939) (CCB), and Bank of China (03988) (BOC). At the same time, Moody's upgraded the fundamental standalone rating of the banks to "D+/Ba1" for ICBC and CCB, and "D/Ba2" for BOC. The "A1/Prime-1" deposit ratings reflect this financial strength coupled with ongoing expectations of very strong government support if necessary. The outlook on these ratings is positive, reflecting in turn the positive outlook on China's sovereign rating. The upgrade of the fundamental standalone ratings of these three banks reflects factors including ongoing strength in the Chinese macro-economy, continuing resilience in capital strength coupled with ongoing strategies to replenish capital and a growing track record in improving corporate governance and risk management practices. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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Hong Kong market opened higher on Monday, Hang Seng Index rose above 20,000 resistance level and closed 174 points higher at 20,047 by midday. H-share index gained 184 points to 11,524. New for Old Subsidy program for mainland Auto industry extended to Year End triggered the rising rally of mainland auto plays.Market turnover reduced to HK$37.9bn, reflecting the lack of buying interest. Commodity sector continued its gain while oversold steel and aluminum plays rebounded a lot, Angang Newsteel (0347.HK) added 4.6%. For other sector, basic retail necessity performed well. Of which, China Want Want (0151.HK) rose 2.7% and hit historical high. For other food stock, Mengniu(2319.HK) and Tsingtao Brewery(0168.HK) share price also performed well. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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HNK AND CHINA COMMODITY MARKET Hong Kong and China notable commodities are as follows :- Energy :- Oil & Gas, Coal Precious Metals :- Gold Base Metals :- Copper, Aluminion, Iron & Steel, Nickel China do not produce Silver, Platinum, Nickel, Ethanol and other commodities not listed. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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Thanks to the strong performance of local blue chips in ADR market, Hong Kong stocks opened higher on Thursday. However, gains were narrowed on the Nikkei soft and A share market performed mixed after 3 days holiday. Hang Seng Index closed at , added points. H-share index gained points to . Market turnover was HK$bn. Local property plays advanced in general, except Henderson share price fell % on sales of 20 flats of Conduit Road had collapsed, thus analysts adjusted downward rating. Sino Biopharm (1177.HK) plunged 7.6% on shareholders selling shares. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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Hong Kong stocks rallied on strong performance of US and Asian markets. Hang Seng Index rose on the eight consecutive trading days and finished the day 148 points higher at 20,286. H-share index gained 39 points to 11,622. Market turnover was HK$55.6bn. Gold plays surged on rising gold price, of which, Zhaojin (1818.HK) soared 5.2%. State Council issued notice that it will prevent steel sector to suffer from too rapid capacity growth and will also shut down obsolete capacity, Angang (0347.HK) and Maanshan iron (0323.HK) slightly rose 0.7% and 0.3% respectively. Tencent (0700.HK) have seen buying interest after plunging in the earlier session which rose 3.8%. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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USE OF COALWe use coal in many different ways. One of the most important ways we use coal is to make electricity. Power plants burn coal to produce energy in the form of heat for changing water to steam. The steam turns the blades of a turbine which spins a generator to produce electricity. About half of the electricity in the United States comes from burning coal. We use electricity every day in many ways. Some examples of ways that we use electricity are heating, cooling and lighting our homes and cooking and refrigerating our food. By-products of coal are also used by companies to make items such as steel, cosmetics, and tar. c The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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COAL STOCKS IN HNK MARKET 1171 - Yanzhon Coal 1898 - China Coal China is the second world biggest producer of Coal after US The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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People Bank of China announced to re-start of the Rmb exchange rate reform, further increase the flexibility of RMB. Although People Bank of China further added that RMB will have see any one-off gain, investors believe RMB would continue to appreciate which trigger buying interest on Hong Kong stock. The Hang Seng Index opened higher and extended its gain afterward. The Hang Seng Index finished the day 625 points higher at 20,912 while the H share index added 512 points to 12,134. Market turnover rose to HK$90.2bn. Agricultural Bank of China will start to offer share at month end, mainland banking sector performed well with CCB(0939.HK) rose 5.0% which is also the most active stock. Manufacturers with market target in China but raw material sourced overseas boost. Of which, paper company like ND Paper (2689.HK), steel plays like Angang Newsteel(0347.HK) and petroleum stock (0386.HK) share price rose 4.3-8.8%. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,075 Location: Lagos, Nigeria
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People Bank of China announced to re-start of the Rmb exchange rate reform, further increase the flexibility of RMB. Although People Bank of China further added that RMB will have see any one-off gain, investors believe RMB would continue to appreciate which trigger buying interest on Hong Kong stock. The Hang Seng Index opened higher and extended its gain afterward. The Hang Seng Index finished the day 625 points higher at 20,912 while the H share index added 512 points to 12,134. Market turnover rose to HK$90.2bn. Agricultural Bank of China will start to offer share at month end, mainland banking sector performed well with CCB(0939.HK) rose 5.0% which is also the most active stock. Manufacturers with market target in China but raw material sourced overseas boost. Of which, paper company like ND Paper (2689.HK), steel plays like Angang Newsteel(0347.HK) and petroleum stock (0386.HK) share price rose 4.3-8.8%. China's newfound dedication to yuan flexibility helped the US stock market to perform well on early Monday while the Dow once rose 140 points. However, stocks pulled back as investors questioned the effectiveness of what is expected to be a gradual change. Especially higher costs on imports from China weighed on retailers. The Dow and the Nasdaq closed 8 points (to 10,442) and 21 points (to 2,289) lower respectively. Given the retreat of local blue chips in the US ADR market as well as the benchmark is technically overbought, we expect to see some profit taking pressure today. Investors will keep a close eye on A share market The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Wazua
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Offshore
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Thinking Outside The box (Overseas Investment Series)
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