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GREED IS GOOD! : Foreign Stock Markets

ANY HOT TIPS ON THE FOREIGN STOCK MARKETS?

Any investment advice originating from this thread are purely my opinion. If you make an investment decision based on the information from this forum, you do so at your own risk. I will not be liable for any losses you may sustain in the investment marketplace.

Should you become an instant millionaire, I will not demand a percentage of your profits. However, I won't mind if you share your experience here in this thread as a testimonial of my GREED IS GOOD!: Foreign Stock Markets

GOOD LUCK IN ALL YOUR TRADES! :D:D:D

*Readers are strongly advised to contact their professional advisor before entering into any contract to buy or sell any security.
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Comments

  • Lessons from Tiger

    In case you missed it, Eldrick "Tiger" Woods conquered the US Open last Sunday by shooting a record-breaking 12 under par. A feat deemed next to impossible! Tiger's unanimous success is not a fluke. Woods' dominance can be linked directly to his desire, focus, and hard work. Not by coincidence, the aforementioned attributes are common among the world's top traders. What separates the winners from the losers (In all walks of life) is their drive to succeed. Like Tiger, most successful traders have a vision or a goal. And every trade they place is centered around their long-term goal. Super-traders display focus and
    discipline, and stick to their thoughtful strategies. Above all, successful traders work hard! So whether you combing the annals of Investor's Business Daily, or pouring over stock charts, the amount of hard work you put into your trading is directly correlated with your results. Whether your game is golf or options, if you practice, and learn, and do the right things consistently, you win! And when you win the game of trading, you make money!

    GREED IS GOOD! :D:D:D

  • How did China Unicom (the new IPO) do today? Thanks.
  • BACKDOOR LISTINGS

    As investors continue to hold their noses at Asia’s internet equity offerings, companies are learning to squeeze their way in through the backdoor.

    Last week word leaked that Quamnet, a Hong Kong-based purveyor of financial information via the internet, had pulled its listing on Hong Kong’s Growth Enterprise Market. While Quamnet sources diplomatically say HSBC was looking at a longer IPO time horizon than they, market talk is that its investment bank, HSBC, pulled out due to poor market sentiment.

    This week, Quamnet came back with news of backdoor listing in the listed leather manufacturer Wah Fu International. A source within Quamnet says Wah Fu is poised to offer HK$222 million ($28.46 million) for a 100 percent stake in Quamnet. The merged entity would then take on the name Quamnet, continues the source.

    The source claims that Wah Fu would be the acquiring company, that it raised its cash through “friends and family”, and that members of the Wah Fu management would continue in the merged company and would have a say in its affairs.

    In other news of a potential reverse takeover, the South China Morning Post reported this week that the internet firm New Epoch Information would manage a reverse takeover of the Stock Exchange of Hong Kong-listed Hang Fung Gold Technology, a gold ornament manufacturer.

    New Epoch Information owns the portal Chinatradeworld.com, which is run with China’s Ministry of Foreign Trade and Economic Cooperation.

  • I thought I'd post this for it might be beneficial to everyone... it was emailed to me.

    What does the recent spate of deferred IPOs followed by news of backdoor listings mean for the internet market?

    It’s been better, Investors are still very sceptical about the technology, dot-com stuff…. Investors are becoming more picky, they are looking for cash flow and profits, and they all have the show-me-the-money attitude. They look at the numbers and fundamentals much more seriously now, and they are much less forgiving these days. That’s why you are seeing a lot more IPOs being pulled.

  • HKEx to list

    The Hong Kong Exchanges and Clearing (HKEx), the holding company of the stock and futures exchanges and the clearing houses will be listed on its stock market on June 27.

    The newly listed entity will have a share capitalisation of 1,040,664,846 shares, with a par value of HK$1 each.

    The listing follows a chain of events, starting with the passage, on February 24, of the enabling legislation for the merger and demutualisation of the exchanges. This marked the successful conclusion of a yearlong campaign by the government to get the exchanges to modernise, demutualise and merge. The merger of the exchanges was officially enacted on March 6.
  • ICICI pays $2 million for stake in Indian career portal

    Indian venture capital firm, ICICI Ventures, has announced the acquisition of a 10 percent stake in career portal Naukri.com for $2 million. It is the first round of funding for the portal since its launch in April 1997. Naukri.com is launching a Hindi version of the site, and a print version is also being contemplated.

    InfoEdge (India), which is the controlling shareholder in Naukri.com says another portal, Jeevansathi, a matrimonial portal — is also preparing to raise funds from venture capital investors. InfoEdge says it is currently in the process of setting up more portals including a site targeted at the advertising industry and has already advised Legalspider, a site for lawyers and law students.
  • Originally posted by DAILO:
    Originally posted by DAILO:
    China Unicom in pursuit of “over $4 billion”
    A banker close to the proposed initial public office (IPO) for China Unicom, China’s second largest telecommunications company after China Telecom, says the state-owned enterprise is looking to raise “over $4 billion” from a transaction it claims is imminent. The deal will see Unicom selling around 2.5 billion new shares at between HK$11.5 ($1.48) and HK$14.5 per share and talk is that the deal – following current global road shows – will begin trading in New York and Hong Kong on June 21 and June 22, respectively. Morgan Stanley and its China-based sister China International Capital are the joint-global coordinators on what, successful execution pending, could be the largest first-time share offering by a PRC concern.

    Hutchison forges alliance with China Unicom

    Hutchison Whampoa, the flagship of Hong Kong tycoon Li Ka-shing, has forged a strategic alliance with China United Telecommunications (China Unicom) that will enable the two companies to cooperate in various telecommunication activities on mainland China. The two companies said on May 31 that their joint venture business in China would be nationwide and would involve telecom-related consultancy and training, including network planning, design, operations, maintenance, marketing, and sales and customer services. Hutchison and China Unicom signed a business cooperation framework agreement covering their partnership.

    The two companies also signed an agreement in which Hutchison will acquire $400 million worth of China Unicom shares at its initial public offering next month. China Unicom says it expects to raise around $3.98 billion when it places 2.46 billion shares through a dual listing in Hong Kong and New York.


    China Unicom enjoys strong debut in weak markets

    China Unicom’s monster $4.9 billion IPO on June 20 (in New York) and June 22 (Hong Kong) was warmly received by investors, emphasised by the fact that as Nasdaq and the Hang Seng Index both fell by one percent, Unicom ended consecutive debuts up nearly 10 percent. Morgan Stanley was bookrunner for the sale.

    Bolstered by current positive sentiment towards China plays and red chips, Unicom’s local share currently trades around the HK$16.20 ($2.08) level, still up five percent from its listing price of HK$15.42, even as the Hang Seng continues to fall. In New York, the American depository receipt (ADR) trades above $20.06 per unit. This compares to its issue price of $19.99.

  • Phoenix Satellite Television to price on June 26

    Phoenix Satellite Television’s $120 million IPO is to price on June 26. The company is selling 727,060,000 on Gem at a price of not more than HK$1.29 per share. Merrill Lynch and BOCI Asia are joint global coordinators and bookrunners, while BNP Prime Peregrine, CLSA Emerging Markets, ING Barings, HSBC Investment Bank Asia and ICEA Capital are co-lead managers.
  • Originally posted by lupuS:
    How did China Unicom (the new IPO) do today? Thanks.

    Originally posted by DAILO:
    China Unicom in pursuit of “over $4 billion”
    A banker close to the proposed initial public office (IPO) for China Unicom, China’s second largest telecommunications company after China Telecom, says the state-owned enterprise is looking to raise “over $4 billion” from a transaction it claims is imminent. The deal will see Unicom selling around 2.5 billion new shares at between HK$11.5 ($1.48) and HK$14.5 per share and talk is that the deal – following current global road shows – will begin trading in New York and Hong Kong on June 21 and June 22, respectively. Morgan Stanley and its China-based sister China International Capital are the joint-global coordinators on what, successful execution pending, could be the largest first-time share offering by a PRC concern.

    Hutchison forges alliance with China Unicom

    Hutchison Whampoa, the flagship of Hong Kong tycoon Li Ka-shing, has forged a strategic alliance with China United Telecommunications (China Unicom) that will enable the two companies to cooperate in various telecommunication activities on mainland China. The two companies said on May 31 that their joint venture business in China would be nationwide and would involve telecom-related consultancy and training, including network planning, design, operations, maintenance, marketing, and sales and customer services. Hutchison and China Unicom signed a business cooperation framework agreement covering their partnership.

    The two companies also signed an agreement in which Hutchison will acquire $400 million worth of China Unicom shares at its initial public offering next month. China Unicom says it expects to raise around $3.98 billion when it places 2.46 billion shares through a dual listing in Hong Kong and New York.


    Unicom’s sale of 2.46 billion shares was priced at between HK$11.50 to HK$14.5 per share last week with the company looking to raise up to $4 billion. However, as a result of a positive response to the road show in the US, Unicom has raised the indicative pricing level to between HK$13.80 and HK$16.00, representing a rise of over 10 percent. This puts the issue at just over $5 billion. Morgan Stanley Dean Witter is managing the sale.

    China Unicom stock started trading in New York modestly higher than its offered price, indicating an appetite in the US for troublefree Chinese assests

  • LETS ALL WELCOME LUPUS TO GREED IS GOOD!

    WELCOME :D:D:D
  • GOOD MORNING MANILA! I hope everyone had a wonderful weekend like I did :D:D:D

    GOOD LUCK in your Trades today!

    GREED IS GOOD!
  • Japan Asia Venture Fund acquires 2.8 percent holding in Eastar

    Japan Asia Venture Fund has acquired a 2.8 percent holding in Eastar, a wireless fixed telecommunication services operator. Eastar is a wholly owned subsidiary of Henderson Cyber, which is listed on Hong Kong’s Growth Enterprise Market (Gem). Another five percent of Eastar was acquired by investor Fibre Profit. Unconfirmed reports place the combined investments from both companies to be least HK$79 million ($10.13 million). HSBC sponsored the Gem listing of Henderson Cyber.
  • WebEx plans to sell shares

    After raising more than $57 million through venture capitalists in three funding rounds, WebEx, a company that powers interactive communication on the web says it is ready for a public offering and to list on Nasdaq.

    The company says it plans to sell 3.5 million shares at $12-$14 per share. The deal, to be underwritten by Goldman Sachs and Deutsche Bank, is expected to raise $86.25 million. WebEx has applied to trade under the Nasdaq ticker symbol WEBX. Subrah S Iyar and Min Zhu founded the company in 1996. WebEx provides real-time, interactive multimedia communications services for websites.
  • Alibaba in Korea
    B2B player Alibaba.com has launched Alibaba Korea, a Korean language online marketplace designed to facilitate global trade between Korea’s small and medium enterprises and Alibaba.com members.

    The Korean site is a joint venture between Alibaba.com and Softbank Korea, a subsidiary of Softbank. The new site offers Korean language and bilingual services, including trade leads from buyers and sellers worldwide. Alibaba Korea also offers a Korean language directory and user interface.
  • DAILO BULLET POINTS

    - Sohu.com’s $70 million Nasdaq IPO is to be launched next week. CSFB is managing the sale

    - Korean portal, Daum.com is pre-marketing its $150 million ADR. CSFB and Merrill Lynch are handling the sale

    - China portal Netease prices its $76.6 million IPO on June 29. Merrill Lynch is managing the sale

    - ASAT’s road show for its $250 million ADR is going well, according to a source close to the deal. Pricing is expected July 10 and is expected to be between $11 and $14 per unit. SSB, Donaldson Lufkin and Jenrette and Chase Hambrecht & Quist are managing the sale

    - Henderson Cyber is looking to raise HK$1 billion through a share sale over the next two weeks, according to a source close to the deal. HSBC Investment Bank and CLSA Emerging Markets are handling the sale
  • Vickers Ballas-GK Goh merger fails!

    The proposed merger of Vickers Ballas with GK Goh, two of Singapore’s biggest stockbroking houses, has fallen through.

    The deal is off following the failure of Vickers Ballas’ management to gain the approval of 75 percent of its shareholders to the proposed union at an extraordinary general meeting on June 19. Only 69.9 percent of the 574 million votes cast favoured a union with GK Goh, says a source who attended the meeting.

    Only 574 million votes were cast out of the total 829 million Vickers Ballas shares on register. Of the votes cast, only 401 million favoured a merger. This means that less than 50 percent of the total issued shares favored an alliance with GK Goh. In the future, the onus is on Vickers Ballas’ management to determine a viable growth strategy and demonstrate its value to shareholders.

    As expected, Ong Beng Seng, whose group controls approximately 20 percent of Vickers Ballas through YS Fu and Reef, voted against the merger. It is not clear who else rejected the merger proposal.

    The Vickers Ballas management didn’t give a breakdown of the votes that were cast and nobody knows the identity of those who voted against the motion other than YS Fu Holdings and Reef Holdings.
  • PCCW shareholders approve merger with CWHKT

    Shareholders of Pacific Century CyberWorks (PCCW) unanimously approved the company’s proposed merger with Cable & Wireless Hongkong Telecom (CWHKT). CWHKT shareholders are scheduled to vote on the deal on July 3 followed by a regulatory court hearing on July 25 to sanction the proposed union. PCCW deputy chairman, Francis Yuen, expressed confidence that the remaining hurdles would be cleared and the transaction would be completed by August 15. Meanwhile, the directors of Cable & Wireless, CWHKT’s parent, also announced that they had received the approval of UK’s trade and industry authorities to the proposed sale of its stake in CWHKT.
  • MARKET SUMMARY LAST CHANGE

    Dow Jones 10,404.75 28.63
    NASDAQ 3,845.34 -91.50
    S&P 500 1,441.48 -10.70
    Nikkei 225 16,963.21 -142.80
    Russell 2000 510.41 -4.60
    Microcap 1000 1,536.13 -15.56
    30 Year Treasury 6.03% 0.05
  • NYSE Most Actives

    Company Name Volume Price Change
    % Change Symbol

    Nokia Corp Ads 21.37 M $53.25 ($3.25) -5.7500 NOK

    At&T Corp 21.34 M $34.38 ($1.69) -4.6800 T
    Motorola Inc 20.10 M $32.38 ($1.38) -4.0700 MOT

    Pfizer Inc 14.27 M $45.88 $0.13 0.2700 PFE
    Texas Instruments 13.89 M $75.75 ($5.88) -7.2000 TXN

    Compaq Computer 11.03 M $27.94 ($0.31) -1.1100 CPQ

    America Online 10.33 M $53.50 ($3.00) -5.3100 AOL

    Genl Electric 10.20 M $49.88 $1.13 2.3100 GE

    Kroger Co 10.07 M $22.00 $1.31 6.3400 KR

    Philip Morris Cos 9.70 M $23.44 ($0.50) -2.0900 MO
  • NYSE Net Change Gainers

    Company Name Volume Price Change
    % Change Symbol

    M&T Bank 0.00 M $442.00 $8.25 1.9000 MTB

    Pe Corp - Celera Genomics Grp 2.99 M $127.00 $7.00 5.8300 CRA

    Charles River Labs(Ipo) 7.99 M $22
    .00 $6.00 37.5000 CRL

    Atlantic Rich $2.80 Cv Pref 0.00 M $450.00 $6.00 1.3500 ARC-C

    Catalina Marketing 0.15 M $107.56 $5.56 5.4500 POS

    Intl Home Foods 9.40 M $20.63 $5.25 34.1500 IHF

    Amern Gen Del Llc 6% Cv Mips 0.01 M $78.00 $4.44 6.0300 AGC-C

    Pe Corp - Pe Biosystems Group 1.65 M $65.00 $3.50 5.6900 PEB

    Forest Laboratories Inc 1.11 M $93.97 $3.38 3.7300 FRX

    Amern General Corp 1.02 M $63.69 $3.19 5.2700 AGC
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